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    Exam 12: Open-Economy Macroeconomics: Basic Concepts
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    Suppose the Exchange Rate Is 5 Units of Peruvian Currency
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Suppose the Exchange Rate Is 5 Units of Peruvian Currency

Question 206

Question 206

Multiple Choice

Suppose the exchange rate is 5 units of Peruvian currency per dollar, and a hotel room in Lima, Peru, costs 450 units of Peruvian currency. How many dollars do you need to get a room in Lima?


A) $45
B) $90
C) $455
D) $2250

Correct Answer:

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