Question
Exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound.interest rates affect exchange
Exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound.interest rates affect exchange rates.
What do you predict will happen to the foreign exchange rate if interest rates in the United States increase more than in the UK?
How would such a change affect US exports to the UK?
Would it be less expensive for an American tourist to take a vacation to London after the interest rate change?
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Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics
Authors: Alfred Endres, Volker Radke
1st edition
364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925
