NO.PZ2016010802000200
问题如下：
A decrease in the real exchange rate (quoted in terms of domestic currency per unit of foreign currency) is most likely to be associated with an increase in which of the following?
选项：
A.Foreign price level.
B.Domestic price level.
C.Nominal exchange rate.
解释：
B is correct.
The real exchange rate (quoted in terms of domestic currency per unit of foreign currency) is given by:
Real exchange rate(d/f)=Sd/f * (Pf/Pd))
An increase in the domestic price level Pd decreases the real exchange rate because it implies an increase in the relative purchasing power of the domestic currency.
解析： Real exchange rate
Real exchange rate(d/f)=Sd/f * (Pf/Pd))
根据上述公式，较低的Nominal exchange rate，较高的domestic price level，以及较低的 foreign price level会产生较低的Real exchange rate
首先"quoted in terms of domestic currency per unit of foreign currency"是direct quotes的意思嘛？
也就是这里是以 n 本币/外币 报价的吗？
如果n 本币/外币
那么real exchange rate 的公式就是：n本币/1外币 * （cpi 外币/cpi本币）
如果decrease in real exchange rate，从选项中看，最可能是由cpi本币的增加所导致的。
想知道我的理解和思考方式是否是正确的？谢谢
