As long as central bankers do not attempt to influence exchange rates, the equilibrium exchange rate is determined by the market forces of supply and demand.
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Q6: In the past two decades, the U.S.
Q7: If the dollar price of the pound
Q8: When the dollar price of the pound
Q9: Currency appreciation means that it takes fewer
Q10: When the dollar depreciates in the foreign
Q12: With floating exchange rates, the dollar will
Q13: With floating exchange rates, the dollar will
Q14: Managed floating exchange rates attempt to combine
Q15: Under managed floating exchange rates, the Federal
Q16: To offset an appreciation of the dollar,
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