calculate-the-real-exchange-rate-if-the-nominal-exchange-rate-is-15-audusd-the-p

Question

Calculate the real exchange rate if the nominal exchange rate is 1.5 AUD/USD, the price of a product in the US is $10, and the price in Australia is AUD 12.

Accepted Answer

1.25

Answer

0.75

Answer

0.8

Answer

1.5

Calculate the real exchange rate if the nominal exchange rate is 1.5 AUD/USD, the price of a product in the US is \$10, and the price in Australia is AUD 12.