Solved

If the Nominal Exchange Rate Is 70 Yen Per Dollar

Question 16

Multiple Choice

If the nominal exchange rate is 70 yen per dollar, and a tonne of wheat sells for $100 in Australia, and for 14 000 yen in Japan, then the real exchange rate is:


A) 2
B) 0.7
C) 0.5
D) 20 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: Which of the following items may demonstrate

Q13: List five factors that may influence a

Q14: The real exchange rate using the CPI

Q15: Which of the following is not strongly

Q20: When the Big Mac in the Euro

Q29: Ceteris paribus, an increase in the level

Q30: Appreciation of a currency will lead to:<br>A)an

Q33: The nominal exchange rate is the real

Q42: What would be the motives for foreign

Q50: If net exports are negative, the country