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Suppose that a certain type of SUV costs $27,000 in Canada, but sells.pdf

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Suppose that a certain type of SUV costs $27,000 in Canada, but sells for 18,000 British pounds in the United Kingdom. Suppose that the nominal exchange rate is one Canadian dollar =0.5 British pounds. a. What is the value of the real exchange rate? Round your answer to 2 decimal places. Real Exchange Rate = b. In which country is the SUV cheaper?.

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Suppose that a certain type of SUV costs $27,000 in Canada, but sells for 18,000 British pounds in the United Kingdom. Suppose that the nominal exchange rate is one Canadian dollar =0.5 British pounds. a. What is the value of the real exchange rate? Round your answer to 2 decimal places. Real Exchange Rate = b. In which country is the SUV cheaper?

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