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    Principles of Economics Study Set 1
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    Exam 28: Exchange Rates and the Open Economy
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    The Rate at Which Two Currencies Can Be Traded for Each
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The Rate at Which Two Currencies Can Be Traded for Each

Question 122

Question 122

Multiple Choice

The rate at which two currencies can be traded for each other is called the ________ exchange rate.


A) flexible
B) fixed
C) real
D) nominal

Correct Answer:

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