Suppose the Real Exchange Rate Is 5/4 of a Canadian

Multiple Choice

Suppose the real exchange rate is 5/4 of a Canadian textbook per U.S.textbook ,a U.S.textbook costs $150,and a Canadian one costs 120 Canadian dollars.To the nearest penny,what is the nominal exchange rate?

A) .64 Canadian dollars per U.S.dollar
B) 1 Canadian dollar per U.S.dollar
C) 1.56 Canadian dollars per U.S.dollar
D) None of the above is correct.