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Use the following to answer questions:
Figure: Traffic Lights in Plymouth
-(Figure: Traffic Lights in Plymouth) Use Figure: Traffic Lights in Plymouth.Plymouth has 1,000 residents.Each of the residents has the same individual marginal benefit per traffic light.Without government intervention,the town will have _____ traffic lights.
Renminbi
The official currency of the People's Republic of China, also known as the yuan in its unit designation.
FX Swaps
A financial agreement where two parties exchange currencies at a specified rate for a certain period, often used to hedge currency risks.
Spot Transaction
A financial contract for the immediate purchase or sale of a commodity, currency, or other asset, with delivery taking place immediately or within a short period.
Forward Transaction
A financial agreement to buy or sell an asset at a specified future date and price.
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