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MC Qu. 2 The following table provides nominal exchange... The following table provides nominal exchange rates for the U.S. dollar. Country Foreign currency/dollar Dollar/foreign currency Canada (Canadian dollar) 1.488 .672 Mexico (peso) 9.259 .108 Based on these data, the nominal exchange rate equals approximately pesos per Canadian dollar or, equivalently, Canadian dollars per peso. 7.771; 0.129 6.222; 0.161 9.259; 0.108 0.672; 1.488

          MC Qu. 2 The following table provides nominal exchange...
The following table provides nominal exchange rates for the U.S. dollar.

Country	Foreign currency/dollar	Dollar/foreign currency
Canada (Canadian dollar)	1.488	.672
Mexico (peso)	9.259	.108

Based on these data, the nominal exchange rate equals approximately ______ pesos per Canadian dollar or, equivalently, ______ Canadian dollars per peso.

7.771; 0.129
6.222; 0.161
9.259; 0.108
0.672; 1.488

MC Qu. 2 The following table provides nominal exchange...
The following table provides nominal exchange rates for the U.S. dollar.

Country Foreign currency/dollar Dollar/foreign currency
Canada (Canadian dollar) 1.488 .672
Mexico (peso) 9.259 .108

Based on these data, the nominal exchange rate equals approximately pesos per Canadian dollar or, equivalently, Canadian dollars per peso.

7.771; 0.129
6.222; 0.161
9.259; 0.108
0.672; 1.488

Added by Matthew W.

Principles of Economics

Gregory Mankiw 8th Edition

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The following table provides nominal exchange rates for the U.S. dollar. Country Foreign currency/dollar 1.488 9.259 Dollar/foreign currency Canada (Canadian dollar) 0.672 Mexico (peso) 0.108 Based on these data, the nominal exchange rate equals approximately 7.771 pesos per Canadian dollar or, equivalently, 0.129 Canadian dollars per peso. 6.222; 0.161 9.259; 0.108 0.672; 1.488