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The Monetary System in
the International Arena, : (Link Title), (The…
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institutions, consumers, business firms, and governments.
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institutions, consumers, business firms, and governments.
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If the euro decreases, the interest rate will increase
the demand for
dollars increases and the dollar appreciates relative to the euro or, alternatively, the euro depreciates against the dollar
We live in one world, meaning that what happens in one place, in some way, has repercussions in other parts of the world
Every kind of products easily goes to another place, for example, the American computers, french wines, and all of these take place in the global economy
Because of this exchange, there has to be a way to manage the financial part, cause every country has its own currency
the main goal of the balance of payments is to provide information regarding the demand and supply of foreign exchange
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A current account deficit means that the home country’s current payments, abroad for goods, services, and transfers are greater than the corresponding receipts
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