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ser-zykov [4K]
2 years ago
14

What is the importance of foreign economic exchange?

Social Studies
1 answer:
marta [7]2 years ago
4 0

Answer:

Explanation:

Foreign exchange is the trading of different national currencies or units of account. It is important because the exchange rate, the price of one currency in terms of another, helps to determine a nation's economic health and hence the well-being of all the people residing in it.

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