If the Real Exchange Rate Between the U

question 17

Multiple Choice

If the real exchange rate between the U.S.and Japan is 1,the nominal exchange rate is 100 yen per U.S.dollar and the price of chicken in the U.S.is $2.50 per pound,what is the price of chicken in Japan?

• A)400 yen per pound
• B)250 yen per pound
• C)100 yen per pound
• D)40 yen per pound

---

Definitions:

Short Text Data Type

A data type used in databases to store small amounts of text, typically limited to 255 characters or less.

Short Text

A data type used in databases for fields that contain alphanumeric characters.

Characters

The individual letters, numbers, punctuation marks, and spaces that make up text content.

Hard Copy

A physical version of a document or information, printed on paper as opposed to being stored digitally.