An editorial in the Wall Street Journal contains this statement: The exchange rate is Indias most important

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An editorial in the Wall Street Journal contains this statement: “The exchange rate is India’s most important price.”

a. In what sense is the exchange rate a price?

b. Why might the exchange rate be more important to a developing country such as India than to a high-income country such as the United States?

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Money Banking And The Financial System International Edition

ISBN: 978-1292000183

2nd Edition

Authors: R. Glenn Hubbard ,Anthony P Obrien

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Question Posted: Mar 16, 2024 11:00 PM

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An editorial in the Wall Street Journal contains this statement: The exchange rate is Indias most important

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Money Banking And The Financial System International Edition

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