The real exchange rate is
A) the price of one currency in terms of another.
B) the price of domestic goods relative to foreign goods.
C) the quantity of gold that can be purchased by one unit of currency.
D) the difference in interest rates between two countries.
B
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Annual budgeting of production goals of a division within a firm
a. is an accounting mechanism to plan for the costs and revenues over a time period b. increase the burden on the division when goals rise c. can lead to accumulated inventory when the goals of an upstream division are arbitrarily set too high d. all of the above
Putting quarters into a Las Vegas slot machine and receiving quarters out of that machine is analogous to
a. the gross domestic product b. aggregate demand c. aggregate supply d. consumption e. the circular flow of money through firms and households