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ASSIGNMENTS
gcse economics - international trade - exchange rates
18.08.2008
Exchange rate: - the price at which one currency is bought and sold for another
e.g.
£1 = $1.5 UK and USA
£1 = 200 yen UK and Japan
A £1 coin can be sold to buy $1.5 or 200 yen
In order to obtain a £1 coin an Amer...
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Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
Comments:
