Essay
In the U.S. a delivery van costs $30,000. In Uruguay the same delivery van costs 720,000 pesos. The nominal exchange rate is 20 pesos per dollar.
A. Find the real exchange rate. Show your work.
B. In terms of dollars where is the television cheaper?
Correct Answer:
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The real exchange rate = 30,00...View Answer
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Correct Answer:
Verified
View Answer
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