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Your company sells office supplies,and your CEO has finally succeeded in acquiring a contract to provide supplies to the federal government for the next year.This is a huge client for your company,worth in excess of $3 million dollars.Aside from increasing purchasing and production,what does your company need to do?
Depreciates
The loss of value of an asset over time due to factors such as wear and tear, age, or technological advancements.
Russian Ruble
The national currency of Russia, utilized as the medium of exchange within the country.
Appreciate
To increase in value or price over a period of time.
Freely Flexible Exchange Rates
A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct government intervention.
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