Suppose the nominal exchange rate between Russian rubles and US dollars is given as e=75 rubles. If the price level in Russia is 100 and the price level in the US is 150, what is the real exchange rate expressed in terms of a basket of Russian goods per basket of US goods? Round to two decimals.

Suppose the nominal exchange rate between Russian rubles and US dollars is given as e=75 rubles. If the price level in Russia is 100 and the price level in the US is 150, what is the real exchange rate expressed in terms of a basket of Russian goods per basket of US goods? Round to two decimals.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter34: International Finance

Section: Chapter Questions

Problem 10QP

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