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The elasticities approach is more useful in explaining exchange rates during which time frame?
Obligations
Duties or responsibilities imposed by law, contract, or one's conscience.
Discharged
Released or freed from a legal, financial, or other obligation.
Concurrent Conditions
Circumstances where two or more conditions must occur at the same time for a contract or agreement to be fully enforceable.
Conditions Precedent
Requirements that must be met before a contract becomes effective or before certain actions can be taken.
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