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Which of the following did not occur during Precambrian time?
Foreign Exchange Reserves
Assets held on reserve by a central bank in foreign currencies, used to back liabilities and influence monetary policy.
Current Account
A component of a country's balance of payments that measures the trade in goods and services, plus net earnings on investments, and direct transfers.
Capital Account
Part of a country's balance of payments, recording the net change in asset ownership and investments.
Foreign Exchange Markets
Global decentralized or over-the-counter markets for trading currencies, determining the foreign exchange rates.
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