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The Economic System That Answers the What , How and for Whom

question 40

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The economic system that answers the What , How and For Whom questions using prices determined by the interaction of supply and demand is a:


Definitions:

Japanese Yen

The official currency of Japan, known for being one of the most traded currencies in the world.

Indian Depositors

Individuals or entities in India who place their money in financial institutions for saving or investment purposes, contributing to the financial system's liquidity.

Depreciate

To decrease in value over time, often used in reference to tangible assets like machinery or vehicles due to wear and tear or obsolescence.

Exchange Rate

The rate at which one currency can be exchanged for another, affecting international trade and investments.

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