The Answer to the Question of Whether or Not a U.S

Multiple Choice

The answer to the question of whether or not a U.S. dollar will buy more in the U.S. or in a foreign country is determined by:

A) the nominal exchange rate.
B) the real exchange rate.
C) whether the nominal exchange rate is > or < than 1.
D) you cannot determine the answer until you travel to the foreign country and convert U.S. dollars to the foreign currency.