Suppose the Real Exchange Rate Is 5/4 of a Canadian

question 2

Multiple Choice

Suppose the real exchange rate is 5/4 of a Canadian textbook per U.S.textbook ,a U.S.textbook costs $150,and a Canadian one costs 120 Canadian dollars.To the nearest penny,what is the nominal exchange rate?

• A).64 Canadian dollars per U.S.dollar
• B)1 Canadian dollar per U.S.dollar
• C)1.56 Canadian dollars per U.S.dollar
• D)None of the above is correct.

---

Definitions:

Goals

Objectives or desired outcomes that an individual or organization aims to achieve within a specific timeframe.

Plans

Detailed proposals for doing or achieving something, often with a specific goal in mind and steps outlined to reach it.

Procedures

Established methods or sequences of actions for performing specific tasks or activities within an organization or process.

Strategies

The plans and actions taken by a business or individual to achieve specific goals and objectives.