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Suppose a bottle of wine costs 45 euros in France and $30 in Canada. If the exchange rate is 1.50 euros per dollar, what is the real exchange rate measured as bottles of French wine per bottle of Canadian wine?

Answer :

Final answer:

The real exchange rate measured as bottles of French wine per bottle of Canadian wine is 1:1.

Explanation:

To calculate the real exchange rate measured as bottles of French wine per bottle of Canadian wine, we need to compare the prices of wine in France and Canada and take into account the exchange rate between the euro and the dollar.

First, let's convert the price of the French wine from euros to dollars. Since the exchange rate is 1.50 euros per dollar, we can divide the price in euros by the exchange rate to get the price in dollars:

Price in dollars = 45 euros / 1.50 euros per dollar = $30

Now we can compare the prices of wine in France and Canada:

Price of French wine = $30

Price of Canadian wine = $30

The real exchange rate measured as bottles of French wine per bottle of Canadian wine is 1:1. This means that one bottle of French wine can be exchanged for one bottle of Canadian wine.

Learn more about calculating the real exchange rate between two currencies here:

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