Question: Question 1 Suppose, the nominal exchange rate between the US dollar and Canadian dollar is 1.50 Canadian dollar per US dollar. Let the price

Question 1 Suppose, the nominal exchange rate between the US dollar and

Question 1 Suppose, the nominal exchange rate between the US dollar and Canadian dollar is 1.50 Canadian dollar per US dollar. Let the price of a cup of coffee in the USA is 3 US dollar and in Canada is 5 Canadian dollar. 1. What is the price of a cup of coffee in the USA measure in Canadian dollar? (10 points) 2. What is the real exchange rate (measure in Canadian coffee per US coffee)? (10 points) Edit View Insert Format Tools Table 12pt Paragraph 20 pts O words

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