The foreign exchange market
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5 Terms
1
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What is the trade-weighted index?
A basket of currencies weighted according to their importance in trade flows with Australia.
2
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What are the top four countries in order of importance for TWI?
Chinese yuan
Japanese yen
European euro
United States dollar
3
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What is the exchange rate?
The price of one country’s currency in terms of another country’s currency.
4
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What does the foreign exchange between AUD and USD consist of?
People demanding US dollars - An Australian importer of US goods
People demanding Australian dollars - An American importer of AUS goods
5
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How does the foreign exchange market work (draw diagram export toys, import shirts)
Note 
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