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Discussion Board 1:
1. Exchange rate is the value of one currency compared to another. It shows us how much money in terms of one currency we can get for one unit of any other currency. For example, if we would like to know how much European euro we can get for one dollar we are asking for the exchange rate of dollar in terms of euro. The answer would be 1USD=0.74EUR. Data presented like this, from the American point of view, is called the indirect method of exchange rate quotation...
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