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Freund emphasizes that key external factors should be all of these except:
US Dollars
The currency issued by the United States, functioning as its primary medium of exchange and a global reserve currency.
Tourism
The activity of traveling to and staying in places outside one's usual environment for leisure, business, or other purposes.
US Exports
Goods, services, or commodities sent from the United States to other countries for sale or trade.
Exchange Rate
The exchange rate is the price at which one currency can be exchanged for another, influencing international trade and investments.
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