The figure given below depicts the demand and supply of Brazilian reals in the foreign exchange market.Assume that the market operates under a flexible exchange rate regime. Figure 21.1 
In the figure:
D1 and D2: Demand for Brazilian reals
S1 and S2: Supply of Brazilian reals
Refer to Figure 21.1.The supply curves shown for Brazilian reals are based on:
Definitions:
Experience
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Circumstances or situations that can be leveraged by entrepreneurs or companies to achieve financial growth or competitive advantage.
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