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Define and give an example of the following in (a) and (b) below: An example of a direct quote between the Australian dollar and the
Define and give an example of the following in (a) and (b) below:
- An example of a direct quote between the Australian dollar and the Mexican peso, where Australia is designated as the home country.
- An example of an indirect quote between the Japanese yen and the Chinese renminbi (yuan), where China is designated as the home country.
- Define the international Fisher effect. To what extent do empirical tests confirm that the international Fisher effect exists in practice?
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