Question: Tutorial question 1 You do an observation on the following current rates and prices today The spot exchange rate today is AU$2.01 per British pound

Tutorial question 1 You do an observation on the following current

Tutorial question 1 You do an observation on the following current rates and prices today The spot exchange rate today is AU$2.01 per British pound The price level in Australia today:AU$3.7: whilst the price level in Britain today:1.90 pounds. The real exchange rate of Australia against the British Pound or U.K, 9(AU/UK), is ( (rounding to 3 decimal places and the Australian dollar is ( ? 1

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