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9) Under the Bretton Wood System if the demand for foreign exchange () increases, the $/ exchange rate appreciates. 10) Ideal exchange rate system involves
9) Under the Bretton Wood System if the demand for foreign exchange () increases, the $/ exchange rate appreciates.
10) Ideal exchange rate system involves independent monetary policy.
11) To find how many s one will get for 5 one needs to multiply 5 by the / exchange rate.
12) If appreciates relative to the US dollar, British goods are cheaper for US residents, and US goods are more expensive for British citizens.
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