Examlex
Which of the following statements is correct?
I. The exchange rate is a price.
II. The exchange rate is different from other prices because it is NOT determined by supply and demand.
Actual Price
The price at which a good or service is sold, reflecting current market conditions and agreed upon by buyers and sellers.
Rent Controls
Government-imposed limits on the rent landlords can charge tenants.
Rental Units
Housing accommodations that are leased to tenants, typically involving a payment made at regular intervals for the use of the property.
Surplus
An excess of supply over demand in a market, leading to lower prices or unused stock.
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