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Using the fundamental equation of the monetary approach to exchange rates please calculate the Home/Foreign exchange rate, E H/F . Home's currency is the homie
Using the fundamental equation of the monetary approach to exchange rates please calculate the Home/Foreign exchange rate, EH/F. Home's currency is the homie (H). Foreign's currency is the foro (F). Home has a money supply of H100,000. Home's gross domestic product (GDP) is H10,000. Home's liquidity constant is 10. Foreign's money supply is F1,000,000. Foreign's gross domestic product is F200,000. Foreign's liquidity constant is also 1. Be sure to include the relevant equation and calculations in your answer
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