What is the distinction between a money price and a relative ...

[Pineapplelove6]

What is the distinction between a money price and a relative price?
 
  What will be an ideal response?

Question 2

Both countries involved in a pegging of currency must agree to the terms of the pegging.
 
  Indicate whether the statement is true or false

[briseldagonzales]

Answer to Question 1

The money price of a good is the dollar amount that must be paid for it. The relative price of a good is its money price expressed as a ratio to the money price of another good. Thus the relative price is the amount of the other good that must be foregone to purchase a unit of the first good.

Answer to Question 2

FALSE

[Pineapplelove6]

Thank you

[briseldagonzales]

No problemo