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.
Relative rate test, calibrating the molecular clock, and calculating divergence dates.
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