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ECON 201 Sections 2 & 3, Winter 2025 Unit 15 practice questions

Short answer

Alofa from Sala'ilua buys a Harris tweed sport coat for £462 (£ are Manx pounds). 1 WS$ (Samoan tālā) = £0.31. How much WS$ will Alofa pay for his sport coat?

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Step-by-Step Analysis
We start by identifying the currency relationship given: 1 WS$ equals £0.31. This means to convert from pounds to WS$, we divide the amount in pounds by 0.31. Step 1: Not......Login to view full explanation

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