If a Japanese car costs 1,500,000 yen, a similar American car costs $30,000, and a dollar can
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If a Japanese car costs 1,500,000 yen, a similar American car costs $30,000, and a dollar can buy 100 yen, what are the nominal and real exchange rates?
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If a dollar can buy 100 yen the nominal exchange rate is 100 yen p...View the full answer
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