Question: what is the difference between the nominal exchange rate and the real exchange​ rate quizlet?
Answer: Nominal exchange rates tell you how​ many, say, euros you will receive in exchange for a U.S.​ dollar, but they do not tell you how much of another​ country's goods and services you can buy with that U.S. dollar. ... The real exchange rate is the price of one​ country's currency in terms of another​ country's currency.