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  • 20-12-2022
  • Business
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One dollar could be exchanged for 55 rupees in
2013 and for 60 rupees in 2014. This implies that
the:
A) dollar appreciated in 2014.
B) rupee appreciated in 2014.
C) nominal exchange rate did not change in 2014.
D) real exchange rate did not change in 2014.

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