Multiple Choice
In Ireland,a pint of beer costs 2.2 Irish pounds.In Australia,a pint of beer costs 4 Australian dollars.If the exchange rate is .5 pounds per Australian dollar,what is the real exchange rate?
A) .91 pints of Irish beer per pint of Australian beer
B) 1.1 pint of Irish beer per pint of Australian beer
C) 3.64 pints of Irish beer per pint of Australian beer
D) 4.4 pints of Irish beer per pint of Australian beer
Correct Answer:

Verified
Correct Answer:
Verified
Q61: Suppose that a country has $120 billion
Q71: A Mexican firm exchanges Pesos for U.S.
Q102: From 1960 to about 1975 in the
Q118: Reduced barriers to trade help explain an
Q147: If a country exports more than it
Q159: Suppose a Starbucks tall latte cost $4.00
Q172: Other things the same,which of the following
Q214: John,a U.S.citizen,opens up a Sports bar in
Q215: A country has $60 million of saving
Q442: If prices in the U.S. rise faster