A floating exchange rate means the FX markets determine the price of the currency.
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Q11: The value of the Australian dollar is
Q12: An increase in an exchange rate indicates
Q13: Expectations about future spot exchange rates do
Q14: A one-month forward contract is settled one
Q15: The term 'cross rates' has a range
Q17: FX dealers hold their reserves of foreign
Q18: Dealers quote forward rates as 'points' representing
Q19: FX dealers hold their inventories of foreign
Q20: The NZD is quoted as a direct
Q21: Most forward contracts are established as part
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