If the Real Exchange Rate for Coal Is 1

question 60

Multiple Choice

If the real exchange rate for coal is 1.5,the price of coal in the U.S.is $50 per ton,and the price of coal in Britain is 20 British pounds per ton,what is the nominal exchange rate?

• A)15/4
• B)5/3
• C)3/5
• D)4/15

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Definitions:

Sharks

Sharks are a group of elasmobranch fish characterized by their cartilaginous skeletons, five to seven gill slits on the sides of the head, and pectoral fins that are not fused to the head.

Parasitic Ticks

Arachnids that feed on the blood of mammals, birds, and sometimes reptiles and amphibians, often transmitting diseases in the process.

Lion and Zebra

represents predator-prey relationships in ecosystems, illustrating the ecological dynamics between carnivores and herbivores.