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Nominal exchange rates differ from real exchange rates in that nominal exchange rates
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Nominal exchange rates differ from real exchange rates in that nominal exchange rates
Nominal exchange rates differ from real exchange rates in that nominal exchange rates
A) do not correct for differing interest rates across countries.
B) do not measure the purchasing power of the currency.
C) are fixed, while real exchange rates are flexible.
D) are flexible, while real exchange rates are fixed.
Textbook
Money, Banking, and the Financial System
Edition:
3
rd
Authors:
Hubbard, O'Brien
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