(Answered)-What determines the value of the nominal exchange rate? How does - (2025 Updated Original AI-Free Solution

Question

1. What determines the value of the nominal exchange rate? How does an appreciation of the exchange rate affect aggregate demand? (200 words minimum) also use of graph would help.?

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The nominal exchange rate is basically the cost of cash on the quantity of units of some
different money. This is controlled by Fiat in a settled price administration...