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Question: international finance 10 assume that the current exchange rate is...

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  1. International Finance (10)
  1. Assume that the current exchange rate is $40 =£ What value for the exchange rate (provide a specific number – change the $ value but leave the£value at 1) would mean a stronger dollar? What value would mean a weaker dollar?
  2. Who gains and who loses from a weak or a strong dollar and why?  Is it better for a country to have a weak or a strong dollar?
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