Suppose, an Indian gets 2 US dollars by exchanging a 100-rupee note. Then rupee-dollar exchange rate becomes

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Suppose, an Indian gets 2 US dollars by exchanging a 100-rupee note. Then rupee-dollar exchange rate becomes

(a) Rs. 50 = $2.

(b) Rs. 100 = $2.

(c) $1=Rs.100.

(d) $1 = Rs. 50.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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