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hscbio hscbio
wrote...
7 years ago
help
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Staff Member
2 months ago
The real exchange rate is the rate at which the goods of one country can be exchanged for the goods of another country. In this case, the real exchange rate between U.S. goods and European goods is 0.8. This means that one unit of European goods can be exchanged for 0.8 units of U.S. goods.

I hope this helps! Let me know if you have any other questions.
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