Business Studies, asked by jinujose5928, 2 months ago

Explain the efficient theory of exchange rate. How different it is from Fundamental and technical views of exchange rate determination? Provide numeric example.

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Answered by Sabalgautam2601

For the determination of the par values of different currencies, alternative ... The value of currency unit under gold standard was defined in terms of weight of gold ... The determination of the rate of exchange, according to mint parity theory, can ... or not PPP provides efficient forecasts of exchange rate movements over time.

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