The British Pound Used to Be Second in Importance to the Dollar

question 144

True/False

The British pound used to be second in importance to the dollar as a vehicle currency,but its importance has diminished in recent years.This has resulted in London losing its leading position in the global foreign exchange market.

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Definitions:

Kaizen

A Japanese philosophy that focuses on continuous improvement in all aspects of life, including the workplace.

Genchi Genbutsu

A Japanese phrase meaning 'go and see for yourself', used in business to emphasize the importance of understanding a situation firsthand.

Empower People

A principle aimed at giving individuals the tools, resources, and authority to make decisions and contribute to their organization or community.

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