Suppose That a Laptop Computer Costs 840 British Pounds in the United

question 38

Multiple Choice

Suppose that a laptop computer costs 840 British pounds in the United Kingdom and $1,400 in the United States. If the nominal exchange rate is 0.6 pounds per U.S. dollar, then the real exchange rate is:

• A) 1 British laptop computer per U.S. laptop computer.
• B) 3/5 British laptop computer per U.S. laptop computer.
• C) 5/3 British laptop computer per U.S. laptop computer.
• D) none of the above

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Definitions:

Inversion

In genetics, inversion refers to the reversal of the orientation of a segment of a chromosome. In physics, it can relate to operations that reverse the sign of some physical quantity or spatial coordinates.

Rotator Cuff

A group of muscles and tendons that provide stability and movement to the shoulder joint.

Shoulder

A complex structure made up of several joints that combine with tendons and muscles to allow a wide range of motion to the arm.

Calcaneus

The largest bone in the foot, forming the heel and serving as a foundation for the rear part of the foot.