Explain Why Fluctuations in Exchange Rates Have a Significant Influence

question 14

Essay

Explain why fluctuations in exchange rates have a significant influence on the balance of trade.

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Definitions:

Set Of Data

A collection of values or observations, that can be analyzed to find patterns and draw conclusions.

Mode

The number that has the highest frequency of occurrence in data.

Frequency Distribution

A statistical representation showing the number of occurrences of each unique value in a dataset.

Mode

The mode of a dataset refers to the value(s) that appear most frequently within the set.