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What determines the real exchange rate and what determines the nominal exchange rate in a small open economy with perfect capital mobility, fully employed factors of production, and flexible prices?
Adverse Possession
A legal doctrine allowing a person to claim ownership of land under certain conditions, including continuous possession without the legal owner's permission for a specific period.
Lease
An agreement that constitutes a grant of possession of property for a fixed term in return for the payment of rent.
Crown
represents the state or monarch in its governmental and symbolic functions, especially in Commonwealth countries.
Tenancy
A relationship between parties governed by a lease.
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