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The Nominal Exchange Rate

Question 107

Multiple Choice

The nominal exchange rate:


A) expresses the value of goods in one country in terms of the same goods in another country.
B) is the stated rate at which one country's currency can be traded for another country's goods and services.
C) is the stated rate at which one country's currency can be traded for another country's currency.
D) expresses the value of goods in one country in terms of another country's currency.

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