2. The value of a nation's currency on the exchange market is in equilibrium when the supply...

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2. The value of a nation's currency on the exchange market is in equilibrium when the supply of the currency (generated by imports- the sale of goods, services, and assets to foreigners) is just equal to the demand for the currency (generated by exports- the purchasing of goods, services, and assets from foreigners) .

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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