Why are exchange rates important?
A) They affect the relative price of domestic and foreign products.
B) They show how much stronger one country is than the other.
C) They allow you to buy products cheaper in foreign markets.
D) They provide important information about the current economic status.
Correct Answer:
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Q12: _ risk is the risk of loss
Q13: If the dollar appreciates against the Irish
Q14: The amount of foreign currency that one
Q15: There is an indirect rate of 0.74
Q16: The U.S.dollar equivalent of one unit of
Q18: Foreign currency trading
A) takes place on organized
Q19: By using a forward transaction,_ has been
Q20: Assume $1 buys .685 pounds and that
Q21: The _ states that two identical products
Q22: According to relative purchasing power parity,if the
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