Exchange Rates 1
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Last updated 3:11 PM on 2/1/25
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4 Terms
1
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Currency Demand
Domestic Tourism and Exports
2
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Currency Supply
Tourism Abroad and Imports
3
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Exchange Rates
The price of one currency expressed in another
4
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Shifts in ER
Supply increases when people go abroad as they sell pounds
Depreciation
If Chinese Come Demand increases and there’s appreciation as it increases in value
Note 
Flashcards (31)