Multiple Choice
If a U.S. dollar purchases 4 Argentinean pesos, and a gallon of milk costs $2 in the U.S. and 6 pesos in Argentina what is the real exchange rate?
A) 3
B) 4/3
C) 3/4
D) 1/3
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: International trade<br>A)raises the standard of living in
Q16: Other things the same,if the U.S.real exchange
Q57: The theory of purchasing-power parity primarily explains<br>A)why
Q145: If a country were to save more,but
Q146: One year a country has positive net
Q319: A basket of goods costs $800 in
Q320: In the United States, a three-pound can
Q321: When Claudia, a U.S. citizen, purchases a
Q326: In the United States, a cup of
Q328: Stacey, a U.S. citizen, buys a bond