Question: 4. Explain why exchange rate quotations stated in different financial centers tend to be consistent with one another. 6. What explains the relationship between the

4. Explain why exchange rate quotations stated in different financial centers

tend to be consistent with one another. 6. What explains the relationship

4. Explain why exchange rate quotations stated in different financial centers tend to be consistent with one another. 6. What explains the relationship between the spot rate and the forward rate

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