A) The foreign exchange market is a global decentralized market that provides the physical and...
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Finance
A) The foreign exchange market is a global decentralized market that provides the physical and institutional structure through which currencies are traded. It assists international trade and investments by enabling currency conversion. As we know that exchange rates vary because of numerous reasons. Discuss in detail purchasing power parity, interest rate parity, the Fisher effect and international Fisher effect theories that elucidate exchange rates movements.
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