If the Ratio of the Price Level in the U

question 12

Multiple Choice

If the ratio of the price level in the U.S.to the price level in Canada is 1.3 and the nominal exchange rate is 0.75 Canadian dollars per U.S.dollar, then the real exchange rate is

• A)1.30.​
• B)1.75.
• C)0.975.
• D)0.25.

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