Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year Mexican bond that pays 10% interest. Next year, the exchange rate is 11 pesos per dollar

Assuming you convert your funds back to U.S. dollars, how much money will you have in one year?
A) $1000
B) $1100
C) $91
D) $0

A

Economics

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