If the exchange rate is 1.25 New Zealand dollars per U.S dollar,the price of apples is $2 a pound in the U.S.and 1 New Zealand dollar per pound in New Zealand,what is the real exchange rate?
A) 2.50
B) 2
C) 1.25
D) .75
Correct Answer:
Verified
Q22: In Ireland,a pint of beer costs 3
Q23: Other things the same,the real exchange rate
Q24: If the nominal exchange rate e is
Q25: If the exchange rate is .70 euro
Q26: Other things the same,an increase in the
Q28: The nominal exchange rate is 2 Barbados
Q29: In the United States,a three-pound can of
Q30: In France a loaf of bread costs
Q31: The nominal exchange rate is .80 euros
Q32: The price of a basket of goods
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents