The real effective exchange rate for the U.S dollar ?

A. is the weighted average of the dollar exchange rate relative to the currencies of important U.S trading partners unadjusted for inflation?

B. reflects only transactions in the currency futures market

C. reflects only the influences of merchandise or real trade on the dollars exchange value

D. is the weighted average of the dollar exchange rate relative to the currencies of important U.S trading partners adjusted for inflation?

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