1. Explain how nominal exchange rate affects real exchange rate. Suppose that a chocolate bar costs 20 euros in France and 30 Singaporean dollars in Singapore. If the exchange rate is 1.20 euros per...


1. Explain how nominal exchange rate affects real exchange rate.<br>Suppose that a chocolate bar costs 20 euros in France and 30 Singaporean dollars in<br>Singapore. If the exchange rate is 1.20 euros per Singaporean dollars, what is the real exchange<br>rate?<br>

Extracted text: 1. Explain how nominal exchange rate affects real exchange rate. Suppose that a chocolate bar costs 20 euros in France and 30 Singaporean dollars in Singapore. If the exchange rate is 1.20 euros per Singaporean dollars, what is the real exchange rate?

Jun 08, 2022
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