If the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar,how many American dollars are required to buy a product that costs 3.50 New Zealand dollars?
A)$2.14
B)$2.24
C)$2.57
D)$4.76

Question

Quizplus · Accepted Answer

The Answer of If the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar,how many American dollars are required to buy a product that costs 3.50 New Zealand dollars?
A)$2.14
B)$2.24
C)$2.57
D)$4.76

If the Nominal Exchange Rate Between the American Dollar and the New