What is meant by the foreign exchange market

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What is meant by the foreign exchange market? Does it have a centralised? Location? Explain

In a free market, what determines an exchange rate, in the short run and the long run?

How would a fall (depreciation) in the New Zealand dollar affect the New Zealand economy? If the New Zealand dollar were to fall further, should the Government and the Reserve Bank do anything about it? Justify your answer.

Reference no: EM132649450

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