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Country X is an economy with a flexible exchange rate regime. During the period 2010 to 2014, its real exchange rate in terms of British

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Country X is an economy with a flexible exchange rate regime. During the period 2010 to 2014, its real exchange rate in terms of British pound exchange rate has been constant. What would that imply about the nominal price (exchange rate) of country X's currency in terms of foreign currency? [3 marks]

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