Question

If the price level in the U.S. is 120, the price level in South Africa is 140, and the
nominal exchange rate is 7 South African rands per dollar, then the real exchange rate
is
a) 1.4 South African goods per U.S. good
b) 9.8 South African goods per U.S. good
c) 6 South African goods per U.S. good
d) 8.4 South African goods per U.S. good​

Answer 1

Answer:

hi my name is Ipshu Rani maharani