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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #349971
Introduction to Economics 2 Deneme Sınavı Sorusu #349971
How does the nominal exchange rate weighted by the consumer price index of the two countries refer to?
Nominal exchange rate
|
Equilibrium exchange rate
|
Real exchange rate
|
Cross exchange rate |
Market exchange rate |
Yanıt Açıklaması:
Nominal exchange rate is the rate determined by the demand and supply of the foreign currency. However, the real exchange rate is the rate that considers the price differences, or in other words, the inflation in both countries. Thus, real exchange rate is the nominal exchange rate weighted by the consumer price index of the two countries.
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