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It has been said that well-educated citizens are necessary for democracy.Discuss this idea in economic terms.What market imperfection might occur and what are the appropriate government policies to correct it?
Foreign-Currency Exchange
The process of exchanging one currency for another, determining how much of one currency is worth in terms of another.
Net Capital Outflow
The difference between domestic savings and domestic investment, representing the amount of capital leaving a country to invest abroad minus the capital inflowing from abroad for investment domestically.
Interest Rate
The percentage of a loan charged to the borrower as interest, usually represented as an annual percentage rate of the remaining loan balance.
Market For Foreign-Currency Exchange
A marketplace where participants can trade currencies from different countries, essentially a repeated framework for the process in
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