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4. Explain why exchange rate quotations stated in different financial centers tend to be consistent with one another. 6. What explains the relationship between the

4. Explain why exchange rate quotations stated in different financial centers tend to be consistent with one another. 6. What explains the relationship between the spot rate and the forward rate? 9. If the exchange rate changes from $1.70= {1 to $1.68= {1, what does this mean for the dollar? For the pound? What if the exchange rate changes from $1.70=(1 to $1.72=(1?|

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