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Q. What prompted the EU countries to seek closer coordination of monetary policies and greater exchange rate stability in the late 1960s?
Answer:
1. To improve Europe's role in the world monetary system.
2. To turn the European Union into a really unified market.
Q. Explain Purchasing Power Parity. Answer: PPP () states that the exchange rate between two countries' currencies equals the ratio of the countries' price levels.
Lot of
What are floating rate notes? Explain the various types of FRNS FRNs are bonds that do not carry a fixed rate of interest. The various forms of FRNs are : Perpectual FRN Minmax
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1.concepts of terms of trade,factors affecting terms of trade. 2.gross & net barter terms of trade. 3.terms of trade & economic development
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