Determination of exchange rate in demand??
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An exchange rate implies the relative price of a currency. ... The demand–supply model of exchange rate determination implies that the equilibrium exchange rate changes when the factors that affect the demand and supply conditions change.
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Answer:
An exchange rate implies the relative price of a currency. ... The demand–supply model of exchange rate determination implies that the equilibrium exchange rate changes when the factors that affect the demand and supply conditions change.
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