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Author Question: Which of the following equations correctly represents nominal exchange rate? A) Nominal exchange ... (Read 57 times)

Redwolflake15

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on: Jun 30, 2018
Which of the following equations correctly represents nominal exchange rate?
 
  A) Nominal exchange rate = units of foreign currency/1 unit of domestic currency
  B) Nominal exchange rate = 1 unit of domestic currency/100 units of foreign currency
  C) Nominal exchange rate = 100 units of domestic currency/1 unit of foreign currency
  D) Nominal exchange rate = units of foreign currency/100 unit of domestic currency

Question 2

Refer to Table 2.4. Increasing the tanks of fertilizer from 4 to 5 will
 
  A) decrease truckloads of potatoes. B) increase truckloads of potatoes.
  C) have no effect on truckloads of potatoes. D) require more acres of land.


snackralk

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


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