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Which of the following is correct about the real exchange rate? By default, the real exchange rate is always equal to 1.0. The real exchange

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Which of the following is correct about the real exchange rate? By default, the real exchange rate is always equal to "1.0." The real exchange rate is equal to "1.0" minus the nominal exchange rate. The real exchange rate is the rate at which the products of one country are exchanged for the sproducts of another one. The real exchange rate is the nominal rate at which one currency is exchanged for another one

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