Multiple Choice
If US goods cost 1/5 of one dollar for every kroner Danish goods cost, the real exchange rate would be computed as how many Danish goods per U.S. goods?
A) five
B) one fifth the price of the U.S. goods
C) the amount of kroner that can be bought with 1/5 of one dollar.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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