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What happens in the foreign exchange market for columbian

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Reference no: EM13335809

There is a large increase in the global demand for roses and Colombia is the biggest producer of roses. At the same time, the central bank of Columbia increases the interest rate. What happens in the foreign exchange market for Columbian pesos to

a. The demand for pesos?

b. The supply of pesos?

Reference no: EM13335809

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