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If the Price Level in the United States Is 110,the

Question 206

Multiple Choice

If the price level in the United States is 110,the price level is 120 in Mexico,and the nominal exchange rate is 140 pesos per dollar,what is the real exchange rate from the U.S.perspective?


A) 94
B) 115
C) 128
D) 153

Correct Answer:

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