In the USA Candy Bar Costs $1

question 4

Multiple Choice

In the U.S.a candy bar costs $1.If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2,then,what would be the price of a candy bar in China?

• A)7.2 yuan
• B)6 yuan
• C)5 yuan
• D)3.6 yuan

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Definitions:

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