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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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    An Exchange Rate That Is Set by Official Government Policy
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An Exchange Rate That Is Set by Official Government Policy

Question 121

Question 121

Multiple Choice

An exchange rate that is set by official government policy is called a ________ exchange rate.


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

Correct Answer:

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