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Business, 13.08.2021 01:20 willveloz4

The town of Hyder, Alaska, a U. S. border town, uses the Canadian dollar (CAD) as its preferred currency. However, workers in the U. S. Post Office in Hyder are paid in U. S. dollars (USD). Suppose the exchange rate is initially .77 USD per 1.00 CAD, then currency market fluctuations change the exchange rate to .83 USDs par 1.00 CAD. As a result of this change in exchange rates, the:

a. incomes of the postal workers decrease.
b. purchasing power of the postal workers' incomes decreases.
c. incomes of the postal workers increase.
e. purchasing power of the postal workers' incomes increases.

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The town of Hyder, Alaska, a U. S. border town, uses the Canadian dollar (CAD) as its preferred curr...
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