Kizspy Question: 30
(Choose 1 answer)
PUUVERFLOW.com
If the nominal exchange rate is 1.2 Canadian dollars per U.S. dollar, and the price level in the U.S. is 110 while
in Canada it is 100, what is the real exchange rate?
A. 1.1
B. 1.2
C. 1.12
D. 1.32
