If It Took as Many Dollars to Buy Goods in Canada

question 218

Multiple Choice

If it took as many dollars to buy goods in Canada as it did to buy enough currency to buy the same goods in Kenya,the real exchange rate would be computed as how many Kenyan goods per Canadian goods?

• A) one
• B) the number of dollars needed to buy Canadian goods divided by the number of shillings needed to buy Kenyan goods
• C) the number of shillings needed to buy Kenyan goods divided by the number of dollars needed to buy Canadian goods
• D) a number equal to the nominal exchange rate

---

Definitions:

Manufacturer

A company or individual that produces finished goods from raw materials by using various tools, equipment, and processes.

CRM

Customer Relationship Management; a strategy and software that businesses use to manage interactions with customers, analyzing data to improve business relationships.

SKU

Stock Keeping Unit, a unique identifier for each distinct product and service that can be purchased.

GATT

General Agreement on Tariffs and Trade, a multilateral agreement regulating international trade, aimed at reducing tariffs and other trade barriers to promote economic cooperation and free trade.