Question
Suppose that the exchange rate of HK dollar against USD was in the equilibrium under the floating exchange rate system. If there is a rise
Suppose that the exchange rate of HK dollar against USD was in the equilibrium under the floating exchange rate system. If there is a rise in interest rate in the US by 2%, and the US government is imposing a quota on HKs export, how will this affect the exchange rate of HK dollar against USD?
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
