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Choose the one most appropriate answer for each.
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Understand the concept of unbiased forward rates and its significance in predicting future exchange rates.
Recognize the role of interest rate parity and uncovered interest rate parity in the foreign exchange market.
Evaluate the financial instruments used in foreign exchange, including swaps and options.
Analyze the effects of currency appreciation and depreciation on international trade and investment.

Definitions:

Economic Elites

Individuals or groups who hold substantial wealth and power within an economy, often influencing political and economic policies.

Antonio Gramsci's

work centers on concepts of cultural hegemony and the role of intellectuals in society, emphasizing how dominant groups maintain power through cultural means.

Conflict Theory

A theoretical framework that views social life as a competition for limited resources and emphasizes the role of power disparities in societal relationships.

Karl Marx's Ideas

The theoretical foundation for Marxism, focusing on class struggle, the impacts of capitalism, and the eventual need for a proletarian revolution.

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