(Choose 1 answer)
(17981)The nominal exchange rate is 2 Thai baht for one U.S. dollar. A sub sandwich combo deal in the U.S. costs $6 dollars in the U.S. and 8 baht in Thailand. The real exchange rate for the US dollar is
A. 3/8
B. 2/3
C. 3/2
D. 8/3
Exit 23
