Answer:
207
Step-by-step explanation:
sorry if im wrong
The nominal exchange rate (NER) is given by:
NER = RER × (foreign price / US price)
= 3/4 × ( 6 / 3)
= 3/2
In fact, with 1$ you can buy 1/3 of a US gallon, which corresponds to 1/4 of a foreigner gallon, which you would pay 3/2units.
Hence, the correct answer is a) <span>3/2 units of country A's currency per dollar.</span>
Answer:
im so so so sorry, but i dont know(possibly because im only in 7th grade with a sucky teacher)
Step-by-step explanation:
× = 25/99
Step-by-step explanation:
x = 0.2525..... (1)
then ; 100x = 25.2525... (2)
(2) - (1) gives
x (100 -1) = 25
x = 25/99