Multiple Choice
If the unit of foreign currency is the peso,in which case is the real exchange rate 1.2?
A) the U.S.price is $2,the foreign price is 5 pesos,and the exchange rate is 3 pesos per dollar.
B) the U.S.price is $3,the foreign price is 18 pesos,and the exchange rate is 5 pesos per dollar.
C) the U.S.price is $5,the foreign price 12 pesos,and the exchange rate is 2 pesos per dollar.
D) the U.S.price is $10,the foreign price is 3 pesos,and the exchange rate is 4 pesos per dollar.
Correct Answer:

Verified
Correct Answer:
Verified
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