The differnce between the nominal and real exchange rates, Business Economics

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The differnce between the nominal and real exchange rates

The differnce between the nominal and real exchange rates is that: a) nominal rates are temporary, while real rates are permanent b) the real exchange rate is the actual rate used by traders c) the real rate takes relative purchasing power into account, while the nominal rate doesn't d) the nominal rate is approximate, while the real rate is precise

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