What does it mean to say that a currency trades at a, Finance Basics

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What does it mean to say that a currency trades at a

1. What does it mean to say that a currency trades at a forward premium?

2. Explain how the law of one price establishes a relationship between changes in currency values and inflation rates.

3. Why does purchasing power parity appear to hold in the long run but not in the short run?

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Finance Basics: What does it mean to say that a currency trades at a

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Finance Basics: What does it mean to say that a currency trades at a

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