Solved

The Nominal Exchange Rate Is 2 Barbados Dollars Per U

Question 12

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions