The Difference Between Nominal and Real Exchange Rates Is

question 70

Multiple Choice

The difference between nominal and real exchange rates is:

• A)absolute prices.
• B)foreign prices.
• C)domestic prices.
• D)ratio of domestic prices to foreign prices.

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Definitions:

Social Deviations

Noncriminal departures from norms that are nonetheless subject to official control. Some members of the public regard them as somewhat harmful, whereas other members of the public do not.

Tougher Penalties

Increased severity of punishments or consequences for criminal activities aimed at deterring crime.

Crime Rates

The number of crimes committed per unit of population within a specified time period.

Prison

A facility in which people are forcibly held and denied a range of personal freedoms under the authority of the state as punishment for crimes.