By the 2000s, investment banks had become significant ...

[Sportsfan2111]

By the 2000s, investment banks had become significant participants in the secondary market for mortgages.
 
  Indicate whether the statement is true or false

Question 2

If the price level in the United States is 110, the price level is 135 in Mexico, and the nominal exchange rate is 12.5 pesos per dollar, what is the real exchange rate from the U.S. perspective?
 
  A) 8.8 B) 10.2 C) 10.8 D) 11.4

[cupcake16]

Answer to Question 1

TRUE

Answer to Question 2

B

[Sportsfan2111]

Excellent

[adammoses97]

Thanks for the timely response, appreciate it