Examlex
Explain what a political institution is,and provide an example.
Foreign Currency
Foreign Currency is the currency of another country, which is required for conducting international transactions or investments.
Annual Repayments
are fixed amounts paid back by a borrower to a lender at regular intervals over a year to reduce or settle a loan's principal and interest.
Exchange Gains
A financial outcome resulting from favorable changes in exchange rates, leading to increased value of foreign currency transactions or holdings prior to their conversion to a home currency.
Exchange Rate
The amount one currency is valued at when converting to a different one.
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