Tuesday, November 24, 2015

Jacky Xu,Chapter 11,question 5

"Of course ,"all else equal"is a phrase that never actually applies to the global economy."
The exchange rate is changing all the time p,and no one can really predict what will happen in the future,so no one can really predict what will happen to a country's currency.Just like Chinese is developing so fast that people even thinking that Chinese yuan will take place US dollar one day.however dollar is still pretty stable right now,and the US bond is one of the safest bond in the world.

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