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1. According to the law of one price, if the price of Colombian coffee is 100 Colombian Pesos per pound and the price of Indian

1. According to the law of one price, if the price of Colombian coffee is 100 Colombian Pesos per pound and the price of Indian coffee is 50 Indian Rupees per pound, then the nominal exchange rate between the Colombian Peso and the Indian Rupee is ...........

Group of answer choices

25 Pesos per Rupee.

2 Pesos per Rupee.

100 Pesos per Rupee.

0.5 Pesos per Rupee.

2. If the price of Colombian coffee is 100 Colombian Pesos per pound , the price of Indian coffee is 50 Indian Rupees per pound, and the nominal exchange rate between the Colombian Peso and the Indian Rupee is 3 Pesos per Rupee , the real exchange of Colombia is ..... (Pounds of Indian Coffee per one Pound of Colombian Coffee)

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