Assume That the Nominal Exchange Rate Decreases by 4

question 57

Multiple Choice

Assume that the nominal exchange rate decreases by 4%.If prices (both domestic and foreign do not change) ,we know that

• A)foreign goods are now relatively cheaper.
• B)foreign goods are now relatively more expensive.
• C)domestic goods are now relatively more expensive.
• D)both A and C

---

Definitions:

Sales Presentation

A detailed pitch or demonstration aimed at persuading a prospect or client to buy a product or service, typically involving visual aids or demonstrations.

Break-In

The act of entering a property without authorization, typically with the intent to commit a crime.

Active Listening

The practice of fully concentrating on what is being said rather than passively hearing the message of the speaker.

Customer

An individual or organization that purchases goods or services from a business, often considered crucial to a company's success.