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In a Short Essay, Explain Through Examples How a Process

question 10

Essay

In a short essay, explain through examples how a process can be (a)efficient but not effective and (b)effective but not efficient.


Definitions:

Currency Market

A global market where currencies are traded against each other, determining their exchange rates.

Appreciation

An increase in the value of an asset over time, which can be influenced by factors like demand, inflation, and currency value changes.

Exchange Rate

An exchange rate is the value of one currency for the purpose of conversion to another currency.

Appreciated

In financial terms, it means an increase in the value of an asset or currency.

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