Multiple Choice
In the U.S.a candy bar costs $1.If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2,then,what would be the price of a candy bar in China?
A) 7.2 yuan
B) 6 yuan
C) 5 yuan
D) 3.6 yuan
Correct Answer:
Verified
Correct Answer:
Verified
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