Multiple Choice
If the real exchange rate for coal is 1.5,the price of coal in the U.S.is $50 per ton,and the price of coal in Britain is 20 British pounds per ton,what is the nominal exchange rate?
A) 15/4
B) 5/3
C) 3/5
D) 4/15
Correct Answer:
Verified
Correct Answer:
Verified
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