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    Principles of Macroeconomics Study Set 8
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    Exam 18: Open Economy Macroeconomics Basic Concepts: The Prices for International Transactions Real and Nominal Exchange Rates
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    If the Exchange Rate Is 5 Egyptian Pounds Per U
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If the Exchange Rate Is 5 Egyptian Pounds Per U

Question 14

Question 14

Multiple Choice

If the exchange rate is 5 Egyptian pounds per U.S.dollar,a watch that costs $25 US dollars costs


A) 125 Egyptian pounds
B) 50 Egyptian pounds
C) 5 Egyptian pounds
D) None of the above is correct.

Correct Answer:

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