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Abraham Has Completed a Diploma in Hotel Management and Plans

question 92

Multiple Choice

Abraham has completed a diploma in hotel management and plans to start his own bed and breakfast.Which of the following life circumstances has influenced Abraham's decision in the given example?


Definitions:

Exports

Goods or services produced in one country and sold to buyers in another country, contributing to a nation's economy.

Nominal Exchange Rate

The speed at which one form of currency can be traded for another.

Currency

A system of money in general use in a particular country or economic context.

Real Exchange Rate

The value of a currency in terms of another currency, adjusted for differences in price levels between countries.

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