Examlex
Which of the following does not explain long-run movements in exchange rates?
Open-Market Purchase
The buying of government securities by the central bank from the market to increase the money supply and decrease the interest rate.
Store Of Value
An asset that can be saved, retrieved, and exchanged in the future without significantly losing value.
Currency
The system of money in common use in a country, which facilitates the exchange of goods and services.
Liquid Asset
An asset that can easily be converted into cash in a short period without losing value.
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