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johnpaul92 johnpaul92
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Posts: 2600
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8 years ago
Three-wheel cars made in North Edsel are sold for 5000 pounds. Four-wheel cars made in South Edsel are sold for 10,000 marks. The nominal exchange rate between the two countries is three marks per pound. The real exchange rate between the two countries is
A) 1.50 three-wheel cars per four-wheel car.
B) 0.66 three-wheel cars per four-wheel car.
C) 2.00 three-wheel cars per four-wheel car.
D) 0.50 three-wheel cars per four-wheel car.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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butterfly127butterfly127
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Posts: 1340
8 years ago
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johnpaul92 Author
wrote...
8 years ago
This answers my question, thank you so much
wrote...
4 years ago
Amazing
wrote...
A year ago
You are welcome.  Hope it helped!
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