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Australias Exchange Rate
Beginning of paper
What is an exchange rate? What factors determine the exchange rate for the Australian dollar?
An exchange rate is the ratio at which a country's currency exchanges for the currency of another country. Exchange rates are typically expressed as the foreign currency equivalent of one unit of domestic currency. The exchange rate between Aust .... Middle of paper
.... pay us for various services, such as repay loans. Those who have Australian dollars and want to use them to buy foreign currencies provide the supply of Australia dollars. These include Australians who want to buy imports from overseas, Australian tourists going overseas, Australian banks and firms lending or investing money overseas, and Australians paying for various services from overseas, repaying loans and paying interest on loans.
There a ....
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Number of words: 1167
Number of pages: 5 (approx. 250 words per double-spaced page)
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