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S1: Payment for imports and exports is made through a system called foreign exchange.
S1: Payment for imports and exports is made through a system called foreign exchange.
P : The value of the money of one country in relation to the money of other countries is agreed upon.
Q : These rates of exchange vary from time to time.
R : For instance, an American dollar or a British pound sterling is worth certain amounts in the money of other countries.
S : Sometimes a United States dollar is worth 12 pesos in Mexico.
S6: Another time it may be worth eight pesos.
The Proper sequence should be:
Answer & Solution
Correct Answer:
Option
C
The value of the money of one country in relation to the money of other countries is agreed upon. For instance, an American dollar or a British pound sterling is worth certain amounts in the money of other countries. These rates of exchange vary from time to time. Sometimes a united states dollar is worth 12 pesos in Mexico.
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