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dcooper78 dcooper78
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A month ago
Explain why a target exchange rate announcement has little effect on the exchange rate in the foreign exchange market
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Macroeconomics

Macroeconomics


Edition: 3rd
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ydnam23ydnam23
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When the exchange rate is pegged at a higher value than what the equilibrium exchange rate would be in the foreign exchange market, the excess supply of dollars would drive the exchange rate down toward the equilibrium value, absent central bank intervention in the market.
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dcooper78 Author
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A month ago
Correct Slight Smile TY
Jodias
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Yesterday
Thanks
mikeh209
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This site is awesome
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