European navigators once sought to find the northwest passage (a sea route), in hope to reach India and China.<span>
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Answer:
Hence correct option is b i.e 7.2 yuan.
Explanation:
Given data;
candy bar cost is $1
Nominal exchange rate = 6 yuan equal to 1 dollar
Real exchange rate is = 1.2 dollar per 6 yuan
Therefore price for one candy at china will be 
The price of candy bar at china is = 7.2 yuan
Hence correct option is b i.e 7.2 yuan.
This is the definition of: Cognitive Dissonance
<u><em>The price of one nation's currency in terms of another nation's currency is called the exchange rate</em></u>
I thinks it’s A ...
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