Multiple Choice
The nominal exchange rate is 2 Thai bhat for one U.S.dollar.A sub sandwich combo deal in the U.S.costs $6 dollars in the U.S.and 8 bhat in Thailand.The real exchange rate is
A) 3/8
B) 2/3
C) 3/2
D) 8/3
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q33: Sonya, a citizen of Denmark, produces boots
Q34: If a nation is selling more goods
Q62: Other things the same, if the exchange
Q78: Net exports of a country are the
Q80: Purchasing-power parity describes the forces that determine<br>A)prices
Q150: Which of the following is always correct?<br>A)Y
Q165: An American farm equipment dealer sells dollars
Q168: When Ghana sells chocolate to the United
Q182: If the U.S.has exports of $1.5 trillion
Q218: According to purchasing-power parity, if prices in