Economy, asked by kumarji6724, 11 months ago

What is real exchange rate and how it is determined in economics?

Answers

Answered by dishaa85
1

Answer:

The real rate tells us how many times more or less goods and services can be purchased abroad (after conversion into a foreign currency) than in the domestic market for a given amount. In practice, changes of the real exchange rate rather than its absolute level are important.


vickygupta37: hlo
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