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1. What are foreign exchange markets and foreign exchange rates ? ( please give an exmaple) 2. What is different between a spot foreign exchange

1. What are foreign exchange markets and foreign exchange rates ? ( please give an exmaple)

2. What is different between a spot foreign exchange transaction and forward foreign exchange transaction?( please give an exmaple)

3. What are the relations among interest rates, inflation, and exchange rates?( please give an exmaple)

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