- CFA Exams
- CFA Exam: Level I 2021
- Study Session 5. Economics (2)
- Reading 18. Currency Exchange Rates
- Subject 6. Exchange Rates, International Trade, and Capital Flows
CFA Practice Question
The Marshall-Lerner condition deals with the impact of currency depreciation on ______.
B. the purchasing power of money balances
C. relative prices
A. domestic income
B. the purchasing power of money balances
C. relative prices
Correct Answer: C
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