Macro Currencies Fiscal Policy Flashcards
1
Q
Exchange rate of country
A
How much of one currency can be bought for each unit of another 
2
Q
When does a currency appreciate value?
A
If it takes more of another currency to buy it
3
Q
Exchange rate formula
A
Number of units of currency B / one unit of currency a
4
Q
Factors that shift demand curve for a currency left of right. 5
A
TIPSY acronym
Tastes n preferences
Interest rates
Prices
Speculation
National income
