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19 of 38 Marks Suppose the nominal exchange rate is $0.5 Canadian per British pound, the CPI measure of price level is 160 in Canada

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19 of 38 Marks Suppose the nominal exchange rate is $0.5 Canadian per British pound, the CPI measure of price level is 160 in Canada and 140 in Britain. What is the corresponding real exchange rate between these two countries in Canadian dollars (rounded to the nearest cent)? O A $0.44 OB. $1.75 OC. $2.29 OD. $0.57 Unsure

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