In the United States,a cup of hot chocolate costs $5.In Australia,the same hot chocolate costs $6.5 Australian dollars.If the exchange rate is $1.3 Australian dollars per U.S.dollar,what is the real exchange rate?
A) 1/2 cup of Australian hot chocolate per cup of U.S.hot chocolate
B) 1 cup of Australian hot chocolate per cup of U.S.hot chocolate
C) 2 cups of Australian hot chocolate per cup of U.S.hot chocolate
D) None of the above is correct.
Correct Answer:
Verified
Q25: If the exchange rate is .70 euro
Q167: If the nominal exchange rate e is
Q240: The real exchange rate is the nominal
Q244: Exchange rates are 120 yen per dollar,0.8
Q245: The nominal exchange rate is 2 Thai
Q246: If a dollar currently purchases 10 pesos
Q247: Other things the same,the real exchange rate
Q248: In the United States,a three-pound can of
Q250: Other things the same,the real exchange rate
Q252: In the U.S.a candy bar costs $1.The
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents