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FX 101: Why Do Currency Exchange Rates Change?
Understanding how exchange rates work is important for businesses, investors, currency traders and, of course, holidaymakers. But what makes exchange rates rise and fall? FX 101 breaks the world of currency exchange from simple to complex. Here are 10 factors that affect the exchange rate: Supply and demand Currencies can be bought and sold, such…
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E-Currencies and Money Part 3 – Money, Investment, Payment System, Or All of the Above?
Wikipedia defines money as “an exchange, a unit of calculation, and a means of saving.” Money is just one form of money that falls into the first category of this definition. Money is also the smallest part of what economists define as “money supply.” The money supply consists of various components such as credit, deposits…