| 1. | Prices are variable according to the exchanges .
物价跟着汇率变动。 |
| 2. | Find out how the exchange is .
查明汇率多少。 |
| 3. | With flexible exchange rates, however, the deficit cannot last .
但是，在变动汇率下，这种逆差不可能持久。 |
| 4. | The rate of foreign exchange, once established, was supposedly fixed .
这个汇率一旦制定就被认为是固定不变的。 |
| 5. | A long-term equilibrium rate of foreign exchange was sought by all countries .
所有国家都谋求一个长期稳定的汇率。 |
| 6. | We found that monetary policy was more powerful with flexible exchange rates .
我们发现，在变动汇率下货币政策更有效。 |
| 7. | Widely fluctuating exchange rates may adversely affect international trade .
浮动幅度很大的汇率可能会对国际贸易产生有害的影响。 |
| 8. | Some people do not want to have to gamble on what exchange rates will hold in the future .
有些人不愿对未来汇率的变动进行投机。 |
| 9. | Exchange-rate flexibility means that the demand for foreign exchange matches its supply .
汇率变动意味着外汇需求与其供给相适应。 |
| 10. | How fiscal policy works with flexible exchange rates is a little more complicated .
在变动汇率下，财政政策如何发挥作用是比较复杂的。 |
