If the Price Level in Japan Is 1

question 48

Multiple Choice

If the price level in Japan is 1.0,the price level in the U.S.is 2.0,and it costs 100 Yen to buy one dollar,then the real exchange rate between the U.S.and Japan is

• A)2.
• B)10.
• C)50.
• D)100.
• E) 200.

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