American dollar and the canadian dollar, Macroeconomics

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American dollar and the canadian dollar

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?

A. $2.75

B. $2.23

C. $1.32

D. $2.81

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Macroeconomics: American dollar and the canadian dollar

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Macroeconomics: American dollar and the canadian dollar

Reference No:- TGS062741

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Macroeconomics: American dollar and the canadian dollar

Reference No:- TGS062741

Recent Questions Asked Macroeconomics

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