jasmineF4381 jasmineF4381

13-12-2022
Business

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If purchasing-power parity holds, the price level in the U.S. is 140, and the price level in Canada is 120, which of the following is true?O the nominal exchange rate is 120/140O the nominal exchange rate is 140/120O the real exchange rate is 140/120.O the real exchange rate is 120/140.Answer: the nominal exchange rate is 120/140

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