If the Real Exchange Rate for Coal Is 1

question 60

Multiple Choice

If the real exchange rate for coal is 1.5,the price of coal in the U.S.is $50 per ton,and the price of coal in Britain is 20 British pounds per ton,what is the nominal exchange rate?

• A)15/4
• B)5/3
• C)3/5
• D)4/15

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Definitions:

Aggressively

In a manner that is forceful, energetic, or determined, often aiming to dominate or assert oneself.

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes.

Narcissistic People

Individuals exhibiting narcissism, characterized by an inflated sense of their own importance, a deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others.

Modesty

A behavior, manner, or appearance intended to avoid impropriety or indecency, often culturally defined.