Examlex
How are countries classified based on income?
Direct Quote
The value of foreign exchange quoted with the domestic currency for every unit of the overseas currency.
Reserve Currency
A foreign currency held in large amounts by governments and institutions as part of their foreign exchange reserves.
Financial Crisis
A situation where financial assets suddenly lose a large part of their nominal value, often leading to a collapse of markets and economies.
Weakening
A term often used to describe a decline in the strength or value of an asset or currency.
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