Multiple Choice
One dollar could be exchanged for 55 rupees in 2013 and for 60 rupees in 2014.This implies that the ________.
A) dollar appreciated in 2014
B) rupee appreciated in 2014
C) nominal exchange rate did not change in 2014
D) real exchange rate did not change in 2014
Correct Answer:
Verified
Correct Answer:
Verified
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