Unit 4.5 Exchange rates

IB Economics: Unit 4.5 Exchange rates

An exchange rate is the price of one currency in terms of another set on the foreign exchange markets. Exchange rates are a very important aspect of international trade because international transactions involve currency exchange. Exchange rates also have a powerful influence over the macro and micro economy.textAn exchange rate is the price of one currency in terms of another set on the foreign exchange markets. Exchange...


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