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erma4kov [3.2K]
3 years ago
13

The nominal exchange rate is the a rate at which a person can trade the currency of one country for the currency of another. b t

he number of goods a person can trade for a similar good in another country. c price of a good in one country divided by the price of the same good in another. d nominal interest rate in one country divided by the nominal interest rate in the other country.
Business
1 answer:
mash [69]3 years ago
4 0

Answer:

rate at which a person can trade the currency of one country for the currency of another

Explanation:

Nominal exchange rate is a rate at which a person can trade the currency of one country for the currency of another.

Nominal exchange rate = real exchange rate + inflation rate

Real exchange rate is the number of goods a person can trade for a similar good in another country.

The real exchange rate has been adjusted for inflation.

Real éxchange rate = nominal exchange rate - inflation rate

I hope my answer helps you

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What are the cons of using new residential sales/new home sales as a economic indicator?
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Answer:

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Given the difference in definition, new home sales usually lead existing home sales regarding changes in the residential sales market by a month or two. For example, an existing home sale in January, was probably signed 30 to 45 days earlier which would have been in November or December. This is based on the usual time it takes to obtain and close a mortgage.

Effective with January 2005, the National Association of Realtors created a new monthly series to overcome the lagging effect of the existing home sales definition. This new series is called Pending Home Sales and is based on sales of existing homes where the contract has been signed but the transaction has not been closed, making it roughly equivalent to the new home sales definition. Monthly estimates are expressed as an index where the year 2001 has been set to equal 100.0.

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