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State the two determinants of the demand for and the two determinants of the supply of US $ in the foreign exchange mkt. Define trade

State the two determinants of the demand for and the two determinants of the supply of US $ in the foreign exchange mkt.

Define trade balance vs equilibrium foreign exchange rates.

State and explain the Law of One Price.

State & explain the absolute(relative) form of Purchasing Power Parity.

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