The nominal exchange rate: a. Is the amount of one country's goods that could be obtained with the same goods of another country b. Is a synonymous term for the swap rate c. Is the rate that one can exchange the currency of one country for the currency of another country d. Is always expressed as units of a foreign currency per U.S. dollar

Macroeconomics: Private and Public Choice (MindTap Course List)
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Chapter19: International Finance And The Foreign Exchange Market
Section: Chapter Questions
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The nominal exchange rate:

a. Is the amount of one country's goods that could be obtained with the same goods of another country

b. Is a synonymous term for the swap rate

c. Is the rate that one can exchange the currency of one country for the currency of another country

d. Is always expressed as units of a foreign currency per U.S. dollar

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