Refer to the table. The exchange rate in this market is:

Answer the question on the basis of the following table, which indicates the dollar price of luta, the currency used in the hypothetical economy of Luteland:

A. 8 luta for one dollar.

B. 0.60 luta for one dollar.

C. 6 luta for one dollar.

D. 0.125 luta for one dollar.

D. 0.125 luta for one dollar.

Economics

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