Edington6653 Edington6653
  • 26-01-2024
  • Business
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Given the Canadian price level P, the foreign country price level P*, and the nominal exchange rate E in foreign currency per Canadian dollar, the real exchange rate RER equals ________.
A) E × (P*/P)
B) (P/P*) / E
C) P × (E/P*)
D) P × E × P*
E) E × (P/P*)

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