The Real Exchange Rate Is

question 177

Multiple Choice

The real exchange rate is

• A) the nominal exchange rate multiplied by the ratio of the foreign price level to the U.S. price level.
• B) the money price of foreign produced goods relative to the money price of U.S. produced goods.
• C) the relative price of U.S. produced goods to foreign produced goods.
• D) a measure of how much currency exchanges for a unit of another currency.

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Definitions:

Phoneme

The smallest unit of sound that may cause a change of meaning within a language, but doesn't have meaning by itself.

Morpheme

The smallest grammatical unit in a language, capable of conveying meaning.

Gesture

A form of non-verbal communication in which visible bodily actions communicate particular messages, either in place of speech or together and in parallel with spoken words.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in any given language, including word order.