Exam 18: Open Economy Macroeconomics Basic Concepts: The Prices for International Transactions Real and Nominal Exchange Rates

Other things the same,if the exchange rate changes from 6 Chinese yuan per dollar to 7 Chinese yuan per dollar,then the dollar

The exchange rate is 1.5 Bosnian markas per U.S.dollar.The price of a refrigerator in Bosnia is 1,200 markas while in the U.S.it is $1,000.The real exchange rate is

You are staying in London over the summer and you have a number of dollars with you.If the dollar appreciates relative to the British pound,then other things the same,

Other things the same,the real exchange rate between American and French goods would be lower if

The dollar is said to depreciate against the euro if

If the nominal exchange rate e is foreign currency per dollar,the domestic price is P,and the foreign price is P*,then the real exchange rate is defined as

Suppose that the nominal exchange rate is .80 euro per dollar,that the price of a basket of goods in the U.S.is $500 and the price of a basket of goods in Germany is 400 Euro.Suppose that these values change to .90 euro per dollar,$600,and 600 euro.Then the real exchange rate would

Consider an identical basket of goods in both the U.S.and Taiwan.For a given nominal exchange rate,in which case is it certain that the U.S.real exchange rate with Taiwan falls?

The nominal exchange rate is .80 euros per dollar and the real exchange rate is 4/3.Which of the following prices for a particular good are consistent with these exchange rates?

The nominal exchange rate is the

Goods that cost 1/5 of one dollar in the U.S.cost one kroner in Denmark,the real exchange rate would be computed as how many Danish goods per U.S.goods?

Suppose that the nominal exchange rate is 80 yen per dollar,that the price of a basket of goods in the U.S.is $500 and the price of a basket of goods in Japan is 50,000 yen.Suppose that these values change to 100 yen per dollar,$600,and 70,000 yen.Then the real exchange rate would

If the U.S.real exchange rate appreciates,U.S.exports

If the exchange rate is 1.25 New Zealand dollars per U.S dollar,the price of apples is $2 a pound in the U.S.and 1 New Zealand dollar per pound in New Zealand,what is the real exchange rate?

If the U.S.has a trade deficit and the nominal exchange rate depreciates,then other things the same

If the nominal exchange rate e is foreign currency per dollar,the domestic price is P,and the foreign price is P*,then the real exchange rate is defined as

Exchange rates are 100 yen per dollar,0.8 euro per dollar,and 12 pesos per dollar.A bottle of beer in New York costs 6 dollars,500 yen in Tokyo,6 euro in Munich,and 84 pesos in Cancun.Where is the most expensive and the cheapest beer,in that order?

Suppose the real exchange rate is 3/4 gallon of country A's gasoline per gallon of U.S.gasoline,a gallon of U.S.gasoline costs $3.00 U.S. ,and a gallon of gas in country A costs 6 units of their currency.What is the nominal exchange rate?

If the price of a sofa is $800 in the U.S.and 2400 pesos in Argentina,and the exchange rate is 4 pesos per dollar,what is the real exchange rate?

In the U.S.a digital camera costs $200.The same camera in London sells for 90 pounds.If the exchange rate were .50 pounds per dollar,then which of the following would be correct?