The Foreign Exchange Market
AP Macroeconomics · Flashcards
AP MACROECONOMICS · FLASHCARDS
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QUESTION
Which factor decreases demand for a currency?
QUESTION
What is a multilateral exchange rate?
QUESTION
State the formula to calculate the exchange rate.
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ANSWER
Exchange Rate =
Units of Foreign Currency
Units of Domestic Currency
\frac{\text{Units of Foreign Currency}}{\text{Units of Domestic Currency}}
Units of Domestic Currency
Units of Foreign Currency
. Shows how many foreign units equal one domestic unit.
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