The Real Exchange Rate Is the Nominal Exchange Rate,defined as Foreign

question 7

Multiple Choice

The real exchange rate is the nominal exchange rate,defined as foreign currency per dollar,times

• A)U.S.prices minus foreign prices.
• B)U.S.prices divided by foreign prices.
• C)foreign prices divided by U.S.prices.
• D)None of the above is correct.

---

Definitions:

Motorbike

A two-wheeled motor vehicle that is smaller and lighter than a car, often used for commuting and recreational driving.

Trip to India

A journey or visit to the South Asian country known for its diverse culture, history, and landscapes.

Independent

Not influenced or controlled by others in matters of opinion, conduct, etc; self-governing.

Deck

A structure of planks or platforms, typically outdoors, connected to a building; or, in card games, a complete set of cards.