The accompanying table provides nominal exchange rates for the U.S. dollar. Foreign currency/dollar 1.256 20.19 Country Canada (Canadian dollar) Mexico (peso) Dollar/foreign currency O a. 25.359; 0.039 O b. 16.075, 0.062 Oc. 0.062; 16.075 O d. 0.039; 25.3591 0.796 0.050 Based on these data, the nominal exchange rate equals approximately dollar or, equivalently, Canadian dollars per peso. pesos per Canadian.

The accompanying table provides nominal exchange rates for the U.S. dollar. Foreign currency/dollar 1.256 20.19 Country Canada (Canadian dollar) Mexico (peso) Dollar/foreign currency O a. 25.359; 0.039 O b. 16.075, 0.062 Oc. 0.062; 16.075 O d. 0.039; 25.3591 0.796 0.050 Based on these data, the nominal exchange rate equals approximately dollar or, equivalently, Canadian dollars per peso. pesos per Canadian.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 9PA

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