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Equilibrium foreign exchange rate - PowerPoint PPT Presentation

Chapter 33

Chapter 33. Exchange Rates and the Balance of Payments. Introduction. The dollar is the predominant global currency that many people throughout the world utilize to conduct transactions relating to international trade and finance. During the 2000s, some observers suggested that the

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Chapter 34

Chapter 34. Exchange Rates and the Balance of Payments. The price of one currency in terms of another is set by the interaction of supply and demand in international financial markets. Among the participants in these markets are governments seeking to change or maintain exchange rates.

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Equilibrium foreign exchange rate - PowerPoint PPT Presentation

Chapter 33

Chapter 34