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3 Cards in this Set
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- Back
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Floating exchange rate |
Is determined by market forces - reflects the demand for the currency |
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Appreciation |
Refers to rising value. When the exchange rate appreciates, we get more 4 our pounds. If house prices rise, the value appreciate. |
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Depreciation |
Means falling values. Exchange rate appreciation means a unit of currency buys less. There will be a gain in competitiveness as export prices full. |
