Multiple Choice
The nominal exchange rate is 30 Thai bhat for one U.S.dollar.A sub sandwich combo deal in the U.S.costs $6 dollars in the U.S.and 120 bhat in Thailand.The real exchange rate is
A) 3/8
B) 2/3
C) 3/2
D) 8/3
Correct Answer:
Verified
Correct Answer:
Verified
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