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In the USA Candy Bar Costs 50 Cents

Question 69

Multiple Choice

In the U.S.a candy bar costs 50 cents.The nominal exchange rate is 6 Chinese yuan per dollar.If the real exchange rate is .60,what is the price of a candy bar in China?


A) 7.2 yuan
B) 6 yuan
C) 5 yuan
D) 3.6 yuan

Correct Answer:

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