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Old MathJax webview Explain How market for Foreign operate? Learning Objectives After studying this chapter, you should be able to: 8.1 Explain how markets for

Old MathJax webview

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Explain How market for Foreign operate?

Learning Objectives After studying this chapter, you should be able to: 8.1 Explain how markets for foreign exchange op- erate (pages 247-253) 8.2 Use the theory of purchasing power parity to explain how exchange rates are determined in the long run (pages 253-257) 8.3 Use a demand and supply model to explain how exchange rates are determined in the short run (pages 257-271)

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