Logo

Exchange Rates and Trade

By Professor Dave ExplainsFrom boclips.com
852.9K views
89.4K likes

We've talked about free trade, but one issue is that different countries utilize different currencies, and the values of those currencies are constantly fluctuating. The value of one currency with respect to another is called an exchange rate. How are these determined and how do they influence imports and exports? Let's get a closer look!

Tags

Explainer
Economics
Advanced Secondary

Comments

Leave a Comment

Comments are loading... If you don't see any, be the first to comment!