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.

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The Answer of 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.

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