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) 0) 50 three-wheel cars per four-wheel car.
B) 0) 66 three-wheel cars per four-wheel car.
C) 1) 50 three-wheel cars per four-wheel car.
D) 2) 00 three-wheel cars per four-wheel car.
Correct Answer:
Verified
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