Which of the following is a shortcoming of the nominal, effective exchange rate?
a. The nominal, effective exchange rate does not take price differences into account.
b. The nominal, effective exchange rate as a measure is too narrow because it only shows changes in the value of one currency against one other currency.
c. The nominal, effective exchange rate is not easy to calculate because there are no data to determine the currency weights.
d. The nominal, effective exchange is not a meaningful measure because the differences in inflation are over-emphasized.
.A
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The view that the choices consumers face should be limited for their own good is known as ________
A) Keynesian theory B) institutionalist theory C) rational adaptations D) libertarian paternalism
"Higher prices always yield higher revenues." Do you agree or disagree? Why?
What will be an ideal response?