Suppose the Real Exchange Rate Is 5/4 of a Canadian

question 2

Multiple Choice

Suppose the real exchange rate is 5/4 of a Canadian textbook per U.S.textbook ,a U.S.textbook costs $150,and a Canadian one costs 120 Canadian dollars.To the nearest penny,what is the nominal exchange rate?

• A).64 Canadian dollars per U.S.dollar
• B)1 Canadian dollar per U.S.dollar
• C)1.56 Canadian dollars per U.S.dollar
• D)None of the above is correct.

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Definitions:

Stimulus

Any event, object, or signal that triggers a response or reaction from an organism or system.

Consequence

The result or effect of an action or condition, often used in the context of discussing the outcomes of decisions or events.

Contingency Of Reinforcement

The relationship between a behavior and its consequences, emphasizing the need for a specific behavior to occur before a reinforcer is given.

Environmental Events

Incidents or occurrences within the natural or built environment that can impact ecosystems, human health, or societal structures.