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If 5 Swiss Francs Trade for $1,the U

Question 11

Multiple Choice

If 5 Swiss francs trade for $1,the U.S.price level equals $1 per good,and the Canadian price level equals 2 francs per good,then the real exchange rate between Swiss goods and Canadian goods is ______ Swiss goods per Canadian good.


A) 0.5
B) 2.5
C) 5
D) 10

Correct Answer:

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