If they should decide to reduce the current account surplus, should they allow faster appreciation of the nominal exchange rate or overheating and faster inflation?
如果他们决定减少经常账户盈余,那么他们是否应该允许名义汇率更快上升,或是经济过热和通胀加速?
2
The real exchange rate adjusts the nominal exchange rate-the one you normally see quoted-by taking into account changes in the price levels in the two countries involved.
实际汇率是把两国的物价水平考虑在内经过调整的名义汇率,你通常看到引用的是名义汇率。
3
If your money is in cash, you'll have to wait 19 years for the nominal value of your account to double, assuming the cash earns the historical 3.7 percent annual return.