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f the mexican nominal exchange rate (foreign currency per peso) does not change, but prices rise faster in mexico than in all other countries, then the mexican real exchange rate a. does not change. b. rises. c. cannot be determined without more information. declines.

Respuesta :

If Mexico's nominal exchange rate (foreign currency per peso) does not change, but prices rise faster in Mexico than in all other countries, then Mexico's real exchange rate rises.

The exchange rate is one of the most important indicators in determining the economy of a country. Exchange rates play an important role in spending decisions, because they allow the translation of prices from different countries into the same language.

The exchange rate of a country's currency is divided into two types, namely:

  • Nominal exchange rate is the value used by a person when exchanging one country's currency for another country's currency.
  • The real exchange rate is the value used by a person when exchanging goods and services from one country for goods and services from another country.

You can learn more about exchange rate here brainly.com/question/14930716

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