Solved

The Nominal Exchange Rate Is

Question 50

Multiple Choice

The nominal exchange rate is


A) a measure of the quantity of the nominal GDP of other countries that we get per unit of U.S. nominal GDP.
B) the real exchange rate multiplied by the ratio of the U.S. price level to the foreign price level.
C) the value of the U.S. dollar expressed in units of foreign currency per U.S. dollar.
D) the relative price of U.S. produced goods to foreign produced goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents