If the Real Exchange Rate Is Less Than 1, Then

question 199

Multiple Choice

If the real exchange rate is less than 1, then the

• A) nominal exchange rate x U.S. price > foreign price. The dollars required to purchase a good in the U.S. would buy more than enough foreign currency to buy the same good overseas.
• B) nominal exchange rate x U.S. price > foreign price. The dollars required to purchase a good in the U.S. would not buy enough foregoing currency to buy the same good overseas.
• C) nominal exchange rate x U.S. price < foreign price. The dollars required to purchase a good in the U.S. would buy more than enough foreign currency to buy the same good overseas.
• D) nominal exchange rate x U.S. price < foreign price. The dollars required to purchase a good in the U.S. would not buy enough foreign currency to buy the same good overseas.

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Definitions:

Haploid Cells

Cells that contain a single set of chromosomes, half the number of chromosomes of a diploid cell, characteristic of gametes.

Centromeres

The region of a chromosome where the two sister chromatids are most tightly connected, playing a vital role in chromosome segregation during cell division.

Mitosis

A type of cell division that results in two daughter cells each having the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

Meiosis I

The first division in meiosis, a type of cell division that results in four daughter cells each with half the number of chromosomes of the parent cell, important for sexual reproduction.