Foreign Exchange

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Title: Foreign Exchange

Essay Details:

Subject: Business

Author: Stephanie C

Date: October 12, 2012

Level: University

Grade: A

Length: 5 / 1421

Essay text:

over the past several years ever since the monetary policy was changed and interest rates in the U.S. started to rise. (Kordell, 2008) The American dollar has been the world's principal currency since the end of World War II (Wong & Khan, 2006). "Following the breakdown of the Bretton Woods system in 1970, the US dollar has been the benchmark for other national currencies. No other currencies, the deutsche mark, yen or the pound sterling, have come to being a close contender for the dollar's international role" (Wong & Khan, 2006). "An international currency can be defined as a currency that is used by residents outside the country of issue...

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