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Which of the following will be considered a lagging indicator of the business cycle?
U.S. Dollar
The United States' official monetary unit, extensively utilized as a benchmark for trade in global markets.
Exchange Rate
The price of one currency in terms of another currency for conversion purposes.
Brazilian Real
The official currency of Brazil, abbreviated as BRL, and made up of 100 centavos.
U.S. Dollar
The currency of the United States, widely used globally as a standard of exchange and a reserve currency.
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