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06-06-2023
Business

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Given that S(SGD/USD) =1.4000, the price level of the Singapore is 110 and the real exchange rate Q(S G D / U S D)=1.3000, what is the price level of the USA? Choose the answer that is closet to your calculation.
o 84.4
o 97.9
o 118.5
o 102.1

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