Please help me to solve these questions. 1. Choose the correct statements. The e
ID: 1094940 • Letter: P
Question
Please help me to solve these questions.
1.
Choose the correct statements. The exchange rate is the value of the Canadian dollar expressed in units of foreign currency per Canadian dollar. The real exchange rate is the relative price of Canadian - produced goods and services to foreign - produced goods and services. The exchange rate is a measure of the quantity of the real GDP of other countries that a unit of Canadian real GDP buys. The exchange rate is the relative price of Canadian - produced goods and services to foreign - produced goods and services. Initially the exchange rate between the South Korean won and the Canadian dollar is 950 won per dollar. If the exchange rate rises to 1, 000 won per dollar and the Canadian and South Korean price levels do not change, then in the short run the real exchange rate. The Canadian exchange rate depreciates ifExplanation / Answer
statements 2 and 3 -correct
The real exchange rate is the relative price of foreign-produced goods and services
3. The exchange rate is a measure of the quantity of the real GDP of other countries that a unit of Canadian real GDP buys
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. is 1,000 won per dollar
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If Canadian exachnge rate depreciate a
D. ALL THE ABOVE
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