Friday, August 12, 2011

What happens 2 the dollar price of dinar? Does the dinar appreciate or depreciate relative 2 the dollar?

Suppose that the following two events take place in the market for Kuwait's currency, the dinar: The U.S. demand for oil, Kuwait's main export good, declines, and market interest rates on financial ets denominated in dinar decrease relative to U.S. interest rates.

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