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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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8 years ago
If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many American dollars are required to buy a product that costs 2.5 Canadian dollars?
A) $1.32
B) $2.23
C) $2.75
D) $2.81
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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eurocoineurocoin
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#1
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8 years ago
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