Sunday, August 3, 2008

The role of international markets in the currency wars: Euro vs. Dollar

Why Foreign Currency exchange so important to each country, yet the types of currency they use is so different? It is important because each country can "convert the currency", into the same currency that their country accepts as "legal tender" (Ball, McCulloch, Frantz,Geringer, & Minor, 2004). Additionally, tourist can exchange their countries currency and receive the type of money they will need on their trip. What is the Foreign exchange and how is able to serve so many countries at once?...(read more)

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