Business firms do not need to hedge their currency exposure because losses from currency fluctuation are offset by windfall profit in the long run
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Q9: For a currency to become an international
Q10: A currency becomes hard or international when
Q11: A global currency is impossible
Q12: Inflation makes it impossible to have a
Q13: The foreign exchange market has a central
Q15: The spot rate is irrelevant for the
Q16: The foreign exchange rate is simply a
Q17: Inflation discourages lending but encourages borrowing
Q18: A currency's tendency to get out of
Q19: When the US dollar declines in value,
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