If Two Nominal Exchange Rates Are Given as 4 Shekel/dollar

question 26

Multiple Choice

If two nominal exchange rates are given as 4 shekel/dollar and 0.711 dinar/dollar, so 1 dollar can buy either 4 shekels or 0.711 dinars, then each Jordanian dinar is worth ________ Israeli shekels, and each shekel is worth ________ dinars.

• A)0.51; 1.96
• B)1.96; 0.51
• C)0.178; 5.623
• D)5.623; 0.178

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