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Economics unit 2

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Exchange rate

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Terms in this set (82)

The value of one currency in terms of another currency

where the value of one currency falls against another, making exports price competitive and imports more expensive

where the value of one currency increases against another, making exports less price competitive and imports cheaper

where money flows in to the circular flow of money, includes exports, government spending and investment

where money flows out of the circular flow of money, includes imports, taxation and savings