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The Brexit Vote in June 2016 Resulted in Higher Expected

question 114

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The Brexit vote in June 2016 resulted in higher expected trade barriers . Therefore,the expected value of the pound would be ________ in the future. The result was the sharp ________ in the equilibrium exchange rate for the British pound.


Definitions:

Sabbath Laws

Regulations related to the observance of the Sabbath, the day of rest in some religions, affecting business operations, work, and activities on this day.

Blue Laws

Laws designed to restrict or ban certain activities on Sundays, traditionally to encourage observance of a day of worship or rest.

Professional Licenses

Certifications issued by a government or professional body that verify someone's qualification to perform a particular profession.

Covenant Not To Compete

An agreement not to compete against a party for a set period of time within a designated geographic area.

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