Evaluate ${ } _ { n } C _ { r }$

question 257

Multiple Choice

Evaluate ${ } _ { n } C _ { r }$ using the formula from this section. ${ } _ { 5 } C _ { 3 }$

• A)84
• B)60
• C)10
• D)20
• E)35

---

Definitions:

Nominal Exchange Rate

The rate at which one currency can be exchanged for another without adjusting for inflation, representing the current market price.

Schillings

A former unit of currency in Austria before the euro and also used in several other countries historically.

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine exchange rates.

Dollar Appreciated

A situation where the value of the US dollar increases relative to other currencies, making foreign goods and services cheaper for Americans.