Question
Explain how exchange rate moves towards equilibrium via external balance in Import/Export , if the country has adopted a floating exchange rate system.
Explain how exchange rate moves towards equilibrium via external balance in Import/Export , if the country has adopted a floating exchange rate system.
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In a floating exchange rate system exchange rates are determined by market forces of supply and demand in the foreign exchange market The exchange rat...Get Instant Access to Expert-Tailored Solutions
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International Business Law And Its Environment
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge
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