Question

1. a. Explain how nominal exchange rate affects real exchange rate.
b. Suppose that a chocolate bar costs 20 euros in France and 30 Singaporean dollars in
Singapore. If the exchange rate is 1.20 euros per Singaporean dollars, what is the realexchange
rate?

Answer 1

Explanation:

It’s pretty obvious that we should be grateful to the “essential workers” during this time of shelter in

place. Food suppliers, health care workers, delivery people, and first responders have taken on risks to

themselves for the benefit of everyone else. How can we possibly repay them? By showing a littl