Multiple Choice
The nominal exchange rate is 4 Saudi Arabian riyals,8 Moroccan dirham,60 Indian rupees,or .8 euros per U.S.dollar.A fast food breakfast costs $5 in the U.S. ,30 riyals in Saudi Arabia,40 Moroccan dirham in Morocco,250 Indian rupees in India,and 5 euros in France.According to these numbers,where is the real exchange rate between American and foreign goods the lowest?
A) Saudi Arabia
B) Morocco
C) India
D) Britain
Correct Answer:
Verified
Correct Answer:
Verified
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