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If the Slope of the Demand Curve Is Equal to Infinity,the

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If the slope of the demand curve is equal to infinity,the price elasticity of demand will be:


Definitions:

Forward Exchange Rate

The agreed-upon exchange rate for a currency to be exchanged on a future date.

Spot Exchange Rate

The current exchange rate at which one currency can be exchanged for another for immediate delivery.

Currency Exchange Risks

Currency exchange risks involve the potential for losses due to fluctuations in the exchange rate between two currencies when conducting international transactions.

EUR

The primary currency for the Eurozone, adopted by 19 of the European Union's 27 nations.

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