If the Price Level of U

question 35

Multiple Choice

If the price level of U.S.goods is 200, the price level of foreign goods is 125, and the dollar price of foreign currency is 1.20, what is the real exchange rate?

• A)1)92
• B)1)60
• C)1)04
• D)0)75
• E)0)63

---

Definitions:

Limitation

A restriction or boundary that defines the scope or extent of something.

Statute of Limitations

A law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case.

UCC

A complete range of laws called the Uniform Commercial Code is designated to administer commercial activities in the United States.

Flexible Statute

A law designed to be adaptable and able to accommodate various situations as they arise.