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A Currency's Spot Exchange Rate Against Every Other Individual Currency

Question 39

Multiple Choice

A currency's spot exchange rate against every other individual currency is known as a ________ exchange rate,and the exchange rate that shows how a currency is changing relative to a group of other countries' currencies is known as a ________ exchange rate.


A) nominal; real
B) unilateral; bilateral
C) nominal; parity
D) bilateral; multilateral

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