An economic theory regarding the long term correlation between the level of interest rates and inflation in an economy. The Fisher effect indicates that a rise or fall in inflation will eventually lead to a corresponding rise or fall in interest rates to a similar extent. As a result, forex traders expect that inflationary pressures tend to precede a rise in interest rates and so the affected currency tends to appreciate.
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Federal Trade Commission Act of 1914
basis of accounting
Institute of Chartered Accountants in England and Wales
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