If the nominal exchange rate is 70 yen per dollar, and a tonne of wheat sells for $100 in Australia, and for 14 000 yen in Japan, then the real exchange rate is:
A) 2
B) 0.7
C) 0.5
D) 20 000

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The Answer of If the nominal exchange rate is 70 yen per dollar, and a tonne of wheat sells for $100 in Australia, and for 14 000 yen in Japan, then the real exchange rate is:
A) 2
B) 0.7
C) 0.5
D) 20 000

If the Nominal Exchange Rate Is 70 Yen Per Dollar