Suppose the real exchange rate is 1 litre of Canadian gasoline per 2 litres of U.S. gasoline,

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Suppose the real exchange rate is 1 litre of Canadian gasoline per 2 litres of U.S. gasoline, 1 litre of U.S. gasoline costs $0.50 U.S., and a litre of Canadian gas costs $1.30 Canadian. What is the nominal exchange rate?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Posted Date: Apr 21, 2020 06:24 AM

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Suppose the real exchange rate is 1 litre of Canadian gasoline per 2 litres of U.S. gasoline,

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Money Banking and Financial Markets

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