Business, 15.08.2020 02:01 munchyswish

If a bushel of wheat costs $3.20 in the US and costs 40 pesos in Mexico and the nominal exchange rate is 10 pesos per dollar, then the real exchange from the US perspective is 0.80. The US will…

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If a bushel of wheat costs $3.20 in the US and costs 40 pesos in Mexico and the nominal exchange rat...

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