The Nominal Exchange Rate Between the U

question 137

Multiple Choice

The nominal exchange rate between the U.S. dollar and the Japanese yen is the:

• A) number of yen you can get for lending one dollar in Japan for one year.
• B) number of yen you can get for one dollar.
• C) price of U.S. goods divided by the price of Japanese goods.
• D) price of Japanese goods divided by the price of U.S. goods.

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