The Nominal Exchange Rate Is About 2 Aruban Florin Per

question 37

Multiple Choice

The nominal exchange rate is about 2 Aruban florin per dollar.If a basket of goods in the United States costs $40,how many florins must a basket of goods in Aruba cost for purchasing-power parity to hold?

• A)20 florin
• B)40 florin
• C)60 florin
• D)80 florin

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