Answer:
number of foreign goods required to purchase a single unit of a domestic good
Explanation:
The real exchange rate is the rate which says that the rate at which the goods and services that are produced in the domestic country would be exchanged with the foreign goods and services
It could find out by applying the following formula
The Real exchange rate is
= Nominal exchange rate × (Foreign price ÷ Domestic price)
Hene, the last option is correct
