If the price level in Australia is 120, the price level in South Africa is 140, and the nominal exchange rate is 7 South African rand per Australian dollar, then the real exchange rate is
A)9.8 South African goods per Australian good.
B)6 South African goods per Australian good.
C)8.4 South African goods per Australian good.
D)1.4 South African goods per Australian good.

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The Answer of If the price level in Australia is 120, the price level in South Africa is 140, and the nominal exchange rate is 7 South African rand per Australian dollar, then the real exchange rate is
A)9.8 South African goods per Australian good.
B)6 South African goods per Australian good.
C)8.4 South African goods per Australian good.
D)1.4 South African goods per Australian good.

If the Price Level in Australia Is 120, the Price