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What can one learn from the following figure?
Answer:The figure shows the U.S. current account and net foreign wealth from 1977 until 1996.It shows that a string of current account deficits in the 1980s reduced America’s net ...
cyxssbWhat is the exchange rate between the dollar and the British
What is the exchange rate between the dollar and the British pound if a pair of American jeans costs 50 dollars in New York and 100 pounds in London?A.5 dollars per British poundB....
cyxssbWhat is the interest parity condition?
Answer: The condition that the expected returns on deposits of any two currencies are equal when measured in the same currency is called the interest parity condition. It implies t...
cyxssbWhat is the policy of sterilization? Give an example.
Answer:Sterilized foreign exchange intervention – policy by which central banks carry out equal foreign and domestic asset transactions in opposite directions to nullify the impac...
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