Multiple Choice
The nominal exchange rate is 2 Barbados dollars per U.S.dollar.If the price of a good in Barbados is 3 Barbados dollars and the price in the U.S.is 2 U.S.dollars,what is the real exchange rate to the nearest 100th?
A) 3 Barbados goods per U.S.good
B) 1.33 Barbados goods per U.S.good
C) .75 Barbados goods per U.S.good
D) none of the above is correct
Correct Answer:

Verified
Correct Answer:
Verified
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