In your own words, describe the asset approach to determining foreign exchange rates.
Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Moffett, M. H., Stonehill, A. I., & Eiteman, D. K. (2012). Fundamentals of multinational finance. (IV ed., pp. 234-240). New York: Pearson.
(Moffett, Stonehill & Eiteman, 2012)
No Wiki, no dictionary.com, please cite all work.