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Business, 06.03.2020 07:27 singhmanny3526

Assume that Britain and the U. S. conduct a large volume of international trade, but rarely engage in financial flows. Conversely, Japan and the U. S. conduct a large volume of financial flow transactions, but rarely engage in trade flows. Under this scenario, everything else held constant, a change in the U. S. would affect the value of the pound, and a change in the U. S. would affect the value of the yen.

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Assume that Britain and the U. S. conduct a large volume of international trade, but rarely engage i...

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