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Other Things the Same,the Real Exchange Rate Between American and Chinese

Question 1

Multiple Choice

Other things the same,the real exchange rate between American and Chinese goods would be higher if


A) prices of Chinese goods were higher,or the number of yuan a dollar purchased was higher.
B) prices of Chinese goods were higher,or the number of yuan a dollar purchased was lower.
C) prices of Chinese goods were lower,or the number of yuan a dollar purchased was higher.
D) prices of Chinese goods were lower,or the number of yuan a dollar purchased was lower.

Correct Answer:

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