The Real Exchange Rate Is The

question 98

Multiple Choice

The real exchange rate is the:

• A)price of the average domestic good or service relative to the price of the average foreign good or service, when prices are expressed in terms of a common currency.
• B)quantity of foreign currency assets held by a government for the purpose of purchasing the domestic currency in the foreign exchange market.
• C)rate at which two currencies can be traded for each other.
• D)nominal exchange rate adjusted for domestic inflation.

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Definitions:

Fordlandia

A failed industrial town founded in the Brazilian Amazon by American industrialist Henry Ford in the 1920s, intended to secure a source of cultivated rubber for his automobile manufacturing operations.

Eugenics

A discredited and controversial social philosophy advocating the improvement of human genetic traits through selective breeding or genetic manipulation.

Pan-Africanism

A political and social movement that seeks to unify African people, both on the continent and in the diaspora, to work towards their collective interests.

Radio Corporation of America

An American electronics company that was a major player in the development of radio broadcasting in the United States and also had significant developments in television and other electronics.