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Which of the following statements about the exchange rate is the most accurate? a. It is closely related to the concept of absolute advantage. b.

Which of the following statements about the exchange rate is the most accurate? a. It is closely related to the concept of absolute advantage. b. It is the rate at which one country's money is flowing to all other countries. c. It states the price of one currency in terms of another currency. d. It is closely related to the concept of comparative advantage

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