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10 cards from this deck
Price of one currency expressed in terms of another currency
Major financial centres open in different time zones continuously
Currency value increases due to natural market forces
Currency value decreases due to natural market forces
Appreciation = market forces; Revaluation = government action
Export indexImport index×100\frac{Export\ index}{Import\ index} \times 100Import indexExport index×100
Currency value determined purely by market forces, no government
Market forces operate but govt intervenes to prevent extremes
Buying goods/services anywhere without government interference
Asia (44.2% imports, 45.3% exports)
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