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    Exam 20: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    Explain How the Market for Currencies Is Not That Much
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Explain How the Market for Currencies Is Not That Much

Question 99

Question 99

Essay

Explain how the market for currencies is not that much different from the market for goods or services. Use U.S. dollars and British pounds to illustrate your answer.

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The price of British pounds in dollars i...

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