The exchange rate is   Question 18 options:   a)  the value of a currency relative to inflation.   b)  the price of one currency relative to another.   c)  the change in the value of money over time.   d)  the price

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter29: Exchange Rates And International Capital Flows
Section: Chapter Questions
Problem 23CTQ: Why would a nation dollarize—that is, adopt another countrys currency instead of having its own?
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18.

The exchange rate is

 

Question 18 options:

 

a) 

the value of a currency relative to inflation.

 

b) 

the price of one currency relative to another.

 

c) 

the change in the value of money over time.

 

d) 

the price of one currency relative to gold.

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