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In Figure 17.1, the arrow at time (c) indicates
Foreign Currencies
Monetary units issued by countries other than one's own, used in international trade and financial transactions or as an investment strategy.
Exporting
Conducting transactions involving the sale of items or services from one country to customers located in another nation.
Direct Investment
Acquiring a majority ownership stake in a foreign company by an entity from another nation, representing an investment.
Joint Venture
A commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities, sharing the investment, risks, profits, and losses.
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