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:

Ambiguous

Lacking clarity or certainty, open to more than one interpretation, or vaguely defined.

Personal Gossip

The informal sharing of private or sensitive information about individuals within a social network without their permission, often leading to rumors or breaches of trust.

Vertical Communication

The exchange of information and messages between different levels of an organization's hierarchy, including upward and downward communications.

Horizontal Communication

The exchange of information, messages, or communication across the same levels of an organization or among peers.