Foreign exchange markets are electronic communication systems that {{U}} (56) {{/U}} major financial centers throughout the world. Exchange rates are determined {{U}} (57) {{/U}} supply and demand relationships, relative interest rate levels, relative {{U}} (58) {{/U}} of inflation, political risk, and economic risk. Alternatives {{U}} (59) {{/U}} affecting settlement of purchase and sales claims were explored {{U}} (60) {{/U}} with the instruments available to exporters and importers for financing their international activities. |
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