The nominal exchange rate is:
A) foreign good per home good.
B) the number of units of foreign currency per one unit of home currency divided by the ratio of the foreign price level to the home price level.
C) the number of units of foreign currency per one unit of the home currency.
D) all of the above.
Correct Answer:
Verified
Q3: Absolute purchasing power parity means:
A)the quantity of
Q4: Relative purchasing power parity says that:
A)the growth
Q5: Flexible exchange rates are determined by:
A)the market.
B)the
Q6: If a country fixes its exchange rate,
Q7: Absolute purchasing power parity means:
A)the quantity of
Q9: Absolutely purchasing power parity means:
A)the quantity of
Q10: Non-traded goods include:
A)commodities like wheat.
B)real estate.
C)consumer goods
Q11: Absolutely purchasing power parity means:
A)the quantity of
Q12: Non-traded goods include:
A)personal services like haircuts.
B)durable goods
Q13: Relative purchasing power parity says that the
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