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Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound.Alsorecall

Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound.Alsorecall the interest rates affect exchange rates.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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