If the real exchange rate for coal is 1.5, the price of coal in the United States is $50 per ton, and the price of coal in Britain is 20 British pounds per ton, what is the nominal exchange rate? a. 4/15 or 2.67 pounds per dollar b. 15/4 or 3.75 pounds per dollar c. 3/5 or 0.6 pounds per dollar d. 5/3 or 1.67 pounds per dollar

If the real exchange rate for coal is 1.5, the price of coal in the United States is $50 per ton, and the price of coal in Britain is 20 British pounds per ton, what is the nominal exchange rate? a. 4/15 or 2.67 pounds per dollar b. 15/4 or 3.75 pounds per dollar c. 3/5 or 0.6 pounds per dollar d. 5/3 or 1.67 pounds per dollar

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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