Fixed exchange rates are determined in free markets by the forces of demand and supply.
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Q10: The exchange rate states the price, in
Q11: When a government intentionally lowers the value
Q11: The Big Mac index uses prices of
Q12: The price of a currency will decrease
Q13: The dollar appreciates against the euro when
Q15: When one currency appreciates, another currency must
Q17: There are at least three exchange rates
Q19: The dollar has depreciated if it buys
Q20: Purchasing power parity explains how exchange rates
Q21: A deficit country, like Argentina in 2001,
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