AP Macroeconomics › Other Exchange Rate
Assume the exchange rate from Mexican pesos to American dollars is 8 pesos to $1.
If a bushel of wheat is 12 pesos in Mexico, how many bushels in Mexico could $1200 buy?
Assume the exchange rate from Mexican pesos to American dollars is 8 pesos to $1.
If a bushel of wheat is 12 pesos in Mexico, how many bushels in Mexico could $1200 buy?
A country with a high rate of return on investments will likely see which of the following?
A country with a high rate of return on investments will likely see which of the following?
Choose the correct statement about exchange rates.
Choose the correct statement about exchange rates.