If the nominal exchange rate between British pounds and dollars is .5 - ProProfs Discuss
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If the nominal exchange rate between British pounds and dollars is .5 pound per dollar, how many dollars can you get for a British pound?



A. 2 dollars
B. 1.5 dollars
C. 1 dollar
D. .5 of a dollar
E. None of the above is correct

This question is part of Macroeconomics [Ch. 1
Asked by Emy_, Last updated: Dec 05, 2017

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1 Answer

Emy_

Emy_

Answered on Sep 15, 2017

2 dollars
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