Currency + Exchange Rates
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5 Terms
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Currency Fluctuations
Changes in a currency’s value that affect the cost of importing and exporting
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Strong Currency
When a country's currency value increases making exports more expensive
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Weak Currency
When a country's currency value decreases making exports cheaper
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Exchange Rate
The price of one currency compared to another
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Effects of Currency on Business
Impacts profit pricing competitiveness and sourcing decisions
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Flashcards (76)