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    Macroeconomics Study Set 10
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    Exam 13: Exchange Rates, business Cycles, and Macroeconomic Policy in the Open Economy
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    The Price of One Currency in Terms of Another Is
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The Price of One Currency in Terms of Another Is

Question 92

Question 92

Multiple Choice

The price of one currency in terms of another is called


A) the exchange rate.
B) purchasing power parity.
C) the terms of trade.
D) a currency band.

Correct Answer:

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