Solved: What should you expect the dollar price of a mark, Finance Basics

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What should you expect the dollar price of a mark

Question 1: Suppose the price of gold is 155 marks.

A. If the dollar price of gold is $100 per ounce, what should you expect the dollar price of a mark to be?

B. If it actually only costs $0.60 to purchase one mark, how could one make arbitrage profits?

Question 2: Fill in the missing exchange rates in the following table:

	US dollar	British pound	German mark	Yen
US dollar	$1	$1.50	$0.50	$0.01
British pound	£0.67
German mark	DM2.0
Japanese yen	¥100

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Finance Basics: What should you expect the dollar price of a mark

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Finance Basics: What should you expect the dollar price of a mark

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