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An increase in the interest rate causes
Floating Exchange Rates
A system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct government control.
National Currencies
The official money used in different countries, which serves as a medium of exchange within each nation and can have different forms such as notes and coins.
Buying Power
The amount of goods or services that can be purchased with a unit of currency.
Flexible Exchange Rates
A currency system where the price of a country's currency is set by the forex market based on supply and demand relative to other currencies.
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