If the Nominal Exchange Rate Is 75 Yen Per Dollar

question 58

Multiple Choice

If the nominal exchange rate is 75 yen per dollar, and a Big Mac hamburger sells for $4 in Australia and for 200 yen in Japan, then the real exchange rate is:

• A)1.5
• B)11
• C)19
• D)50

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Definitions:

Schizophrenia

A psychiatric disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Vigorous Activity

Vigorous activity involves high-intensity physical exertion that significantly raises the heart rate and breathing.

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary, often as a symptom of psychiatric disorders.

President

The elected head of a republican state or a person who presides over an organization, company, or board.