Suppose that Cambodia becomes the next popular tourist destination. You notice that hotels, restaurants, and other services cost much less there than in the United States. If the exchange rate is defined as number of riels per dollar, the real exchange rate is:.
a) 0.
b) 1.
c) greater than 1.
d) less than 1.
Answers: 3
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Suppose that Cambodia becomes the next popular tourist destination. You notice that hotels, restaura...
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