What is meant by the exchange rate, International Economics

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What is meant by the exchange rate

Problem

What is meant by the exchange rate? How is the equilibrium exchange rate determined under a flexible exchange rate system?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: What is meant by the exchange rate

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International Economics: What is meant by the exchange rate

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