 |  Macroeconomics, 9/e Campbell R. McConnell,
University of Nebraska, Lincoln
Stanley L. Brue,
Pacific Lutheran University
Thomas P. Barbiero,
Ryerson University
Exchange Rates and the Balance of Payments
Chapter ObjectivesIn this chapter you will learn:
| What determines the supply of and demand for a nation's currency. |
| | | | About a nation's balance of payments. |
| | | | What flexible exchange rates system is and its effects on the domestic economy. |
| | | | What fixed exchange rates system is and its effects on the domestic economy. |
| | | | About the history of the world's international exchange-rate systems. |
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2002 McGraw-Hill Higher Education