Multiple Choice
If 5 Swiss francs trade for $1, the Canadian price level equals $1 for a good, and the Swiss price level equals 2 francs for the same good, then the real exchange rate between Swiss goods and Canadian goods is _____ Swiss good(s) per Canadian good.
A) 0.4
B) 2.5
C) 5
D) 10
Correct Answer:
Verified
Correct Answer:
Verified
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