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10 cards from this deck
Process of exchanging one currency for another
Measures country's total national income in one year
When GDP increases from one year to the next
Tourist spending creates ripple effect across multiple sectors
High value; can buy more units of foreign currencies
Decreased significantly in value over time vs other currencies
Increases tourist arrivals; destination more affordable
Fewer international visitors; destination becomes expensive
Rate bank buys foreign currency from you (lower rate)
Rate bank sells foreign currency to you (higher rate)
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