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International Trade

Question 6 • IL-Economics

1 euro could be exchanged for 119.

Answer
A
Canadian dollars
B
British pounds
C
Japanese yen

Explanation

The Japanese yen is worth much less than a euro, so one euro can be exchanged for many yen—about 119. Canadian dollars and British pounds are each worth much more than one hundredth of a euro, so 119 of either would be far too large an amount.

AI-written and checked against the verified answer.