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If a graph is drawn with net exports on the horizontal axis and the real exchange rate on the vertical axis, then the real exchange rate is determined by the intersection of the ______ net-exports schedule and the ______ line representing saving minus investment.
Binding Contract
A legally binding contract between two or more parties that can be upheld in court.
Formal Written Agreement
A legally binding contract that is documented in writing and signed by all parties involved.
Implied Acceptance
An agreement to the terms of a contract demonstrated through actions or behaviors, rather than explicitly communicated through words.
Telegram Acceptance
The acceptance of a contractual offer or agreement through a telegram, historically significant for its immediacy and legal recognition.
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