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Economics Q.5 Forex reserves play an important role in bringing about financial stability for a nation. Discuss what is an exchange rate, what are forex

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Economics Q.5 Forex reserves play an important role in bringing about financial stability for a nation. Discuss what is an exchange rate, what are forex reserves, its objectives and the factors that define the adequate size of foreign exchange reserves. (2 + 3 +5 +5 = 15 Marks] CO4 & 5

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