The Real Exchange Rate, Q, Is Defined as

question 6

Multiple Choice

The real exchange rate, q, is defined as

• A) the price of the foreign basket in terms of the domestic one.
• B) the price of the domestic basket in terms of the foreign one.
• C) the price of the foreign basket.
• D) the price of the domestic basket.
• E) the nominal exchange rate in terms of the domestic basket.

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Definitions:

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