The Nominal Exchange Rate Between the Canadian Dollar and the Japanese

question 55

Multiple Choice

The nominal exchange rate between the Canadian dollar and the Japanese yen (measured in $ / 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 Canadian goods divided by the price of Japanese goods.
• D)price of Japanese goods divided by the price of Canadian goods.