If exports are payable in dollars while imports require payment in foreign currency, a change in the nominal exchange ra

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answerhappygod
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If exports are payable in dollars while imports require payment in foreign currency, a change in the nominal exchange ra

Post by answerhappygod »

If exports are payable in dollars while imports require payment
in foreign currency, a change in the nominal exchange rate
automatically transfers into a change in the price of imported
goods relative to local goods.
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