Trade within a country typically involves ________, while trade between countries normally involves ________.
A)real currencies; nominal currencies
B)nominal currencies; real currencies
C)a single currency; different currencies
D)flexible exchange rates; fixed exchange rates

Question

Quizplus · Accepted Answer

While the trade within a country typically only involves a single currency, trade between countries normally involves different currencies. The 'nominal exchange rate' is the rate at which two currencies can be traded for each other.

Trade Within a Country Typically Involves ________, While Trade Between