Suppose the Nominal Exchange Rate Between the Japanese Yen and the SA

question 37

Multiple Choice

Suppose the nominal exchange rate between the Japanese yen and the SA rand is 100 yen per rand.Further, suppose that a kilogram of rice costs R2 in SA and 250 yen in Japan.What is the real exchange rate between Japan and SA?

• A)0.5 kilograms of Japanese rice per kilogram of SA rice.
• B)0.8 kilograms of Japanese rice per kilogram of SA rice.
• C)1.25 kilograms of Japanese rice per kilogram of SA rice.
• D)2.5 kilograms of Japanese rice per kilogram of SA rice.
• E)None of these answers.

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