EXCHANGE RATES FOREIGN EXCHANGE MARKET
Exchange rates foreign exchange market: Exchange Rates The $ of one country’s currency stated in terms of a second country’s currency Allows us to compute $ of one country’s exports in terms of other country’s money Depriciation=Increase in Imports=Decrease in CA=Increase in Financial Assets Appreciation=Decrease in Imports Reasons for holding Foreign Currency: Trade and investment-to […]
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