Examlex
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
ether
Exchange Rate
The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.
Supply and Demand
Economic model that determines the price of a commodity in a market, based on the availability of the commodity (supply) and the desire for it (demand).
Francs
A former currency unit used in France and several other countries before the adoption of the euro, also still used in some parts of Switzerland and Liechtenstein.
Exchange Rate
The exchange rate is the price at which one currency can be exchanged for another, affecting imports, exports, and international investments.
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