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Difference between nominal exchange rate and …

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Difference between nominal exchange rate and real echange rate

Posted by Shailja Choudhary 2 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 2 years, 10 months ago

While the nominal exchange rate tells how much foreign currency can be exchanged for a unit of domestic currency, the real exchange rate tells how much the goods and services in the domestic country can be exchanged for the goods and services in a foreign country.

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