With the Aid of a Figure, Illustrate and Describe the Circulation

question 25

Essay

With the aid of a figure, illustrate and describe the circulation of water in the atmosphere (the hydrologic cycle).

---

Definitions:

Spot Exchange Rate

The current exchange rate at which one currency can be exchanged for another for immediate delivery.

Currency Exchange Risks

Currency exchange risks involve the potential for losses due to fluctuations in the exchange rate between two currencies when conducting international transactions.

EUR

The primary currency for the Eurozone, adopted by 19 of the European Union's 27 nations.

Foreign Exchange

The exchange or swapping of one type of currency for another.