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The Balance of Payments

  • J. Harvey
Chapter

Abstract

Because each country has its own currency: (a) sufficient foreign currency has to be obtained to pay for imports; (b) a rate has to be established at which one currency will exchange for another.

Copyright information

© Mrs. M. Harvey 1985

Authors and Affiliations

  • J. Harvey
    • 1
  1. 1.University of ReadingUK

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