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samestepp samestepp
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2 months ago
A decrease in the value of the foreign currency in terms of the domestic currency means that ________.

▸ the foreign currency has appreciated and the nominal exchange rate has fallen

▸ the domestic currency has appreciated and the nominal exchange rate has risen

▸ the domestic currency has depreciated and the nominal exchange rate has risen

▸ the foreign currency has depreciated and the nominal exchange rate has risen
Textbook 

Macroeconomics


Edition: 3rd
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rick32rick32
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2 months ago
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More solutions for this book are available here
the foreign currency has depreciated and the nominal exchange rate has risen

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samestepp Author
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2 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Correct Slight Smile TY
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2 hours ago
this is exactly what I needed
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