ECO121_-_SP_2025_-_RE_3732.webp

Kizspy | Question: 31
(Choose 1 answer)
If the nominal exchange rate is 0.75 pounds per dollar and the price of a basket of goods is $60 in the U.S. and
45 pounds in the UK, what is the real exchange rate?
A. 1
B. 1.5
PUBVERA. av.com
C. 2
D. 2.5