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The Nominal Exchange Rate Between the Canadian Dollar and the Japanese

Question 55

Multiple Choice

The nominal exchange rate between the Canadian dollar and the Japanese yen (measured in $ / yen) is the:


A) number of yen you can get for lending one dollar in Japan for one year.
B) number of yen you can get for one dollar.
C) price of Canadian goods divided by the price of Japanese goods.
D) price of Japanese goods divided by the price of Canadian goods.

Correct Answer:

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