Rachel2019-12-30 01:14:07

老师，请问书本413页第六题答案， This approach assumes that, in free markets, exchange rates are determined by logical economic relationships that can be modeled. A fundamentals- based approach estimates the “fair value” of the currency, with the expectation that observed spot rates will converge to long- run equilibrium values described by parity conditions.不太理解这段是什么意思？