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Nominal Exchange Rate Assignment | Homework For You

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December 13th, 2019

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many American dollars are required to buy a product that costs 2.5 Canadian dollars?

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A. $2.75

B. $2.23

C. $1.32

D. $2.81. Get Economics homework help today

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