Suppose the Exchange Rate Between the Euro and the Dollar

question 13

Multiple Choice

Suppose the exchange rate between the euro and the dollar is E0.5 to $1. If a Big Mac costs $3 in the United States and E1.5 in Germany, then the real exchange rate is

• A) 1:1.
• B) 2:1.
• C) 1:2.
• D) It cannot be determined from this information.

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