- CFA Exams
- CFA Exam: Level II 2021
- Study Session 4. Economics
- Reading 10. Currency Exchange Rates: Understanding Equilibrium Value
- Subject 3. A long-term framework for exchange rates
CFA Practice Question
Which approach focuses on the flows needed to achieve long-term equilibrium in the current account?
B. External sustainability approach.
C. Reduced-form econometric model.
A. Macroeconomic balance approach.
B. External sustainability approach.
C. Reduced-form econometric model.
Correct Answer: A
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