If the Real Exchange Rate Is Less Than 1,then the

question 9

Multiple Choice

If the real exchange rate is less than 1,then the

• A)nominal exchange rate x U.S.price > foreign price.The dollars required to purchase a good in the U.S.would buy more than enough foreign currency to buy the same good overseas.
• B)nominal exchange rate x U.S.price > foreign price.The dollars required to purchase a good in the U.S.would not buy enough foreign currency to buy the same good overseas.
• C)nominal exchange rate x U.S.price < foreign price.The dollars required to purchase a good in the U.S.would buy more than enough foreign currency to buy the same good overseas.
• D)nominal exchange rate x U.S.price < foreign price.The dollars required to purchase a good in the U.S.would not buy enough foreign currency to buy the same good overseas.

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