If the Real Exchange Rate Is High,greater Than 1

question 61

Multiple Choice

If the real exchange rate is high,greater than 1,

• A) it is cheaper to buy goods domestically than abroad.
• B) foreign goods would be cheaper than domestic goods.
• C) the nominal exchange rate is depreciating.
• D) the nominal exchange rate is appreciating.
• E) the purchasing power of domestic income has diminished.

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Definitions:

Mental Disorder

A broad term for conditions that affect mood, thinking, and behavior, impacting daily functioning and well-being.

Legal Definition

A formal and authoritative description or interpretation of a legal term or concept as established by laws or court decisions.

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Unfit To Stand Trial

A legal determination that a person is not able to participate in their defense due to a mental disorder or incapacity.