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If we set the real effective exchange rate index between the United Kingdom and the United States equal to 100 in 2005, and find that the U.S. dollar has changed to a value of 91.4, then from a competitive perspective the U.S. dollar is:
Exponential Equation
An equation in which the variable appears in the exponent and the base is a constant.
Decimal Places
Positions to the right of the decimal point in a number, used to specify precision.
Exponential Equation
An exponential equation is one in which the variable appears in the exponent, for example, \(2^x = 8\).
Decimal Places
In a numerical value, decimal places denote the quantity of digits after the decimal point, such as two decimal places in 12.34.
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