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| Topic: |
English
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| Number of pages / Number of words: |
5 / 1130 |
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Therefore, this fluctuation is a major problem when dealing with foreign currency.
From one day to the next, the worth of an international currency has the ability to rise or fall, which can cost a corporation millions. This problem is most evident when corporations have to price transactions that deal with importing and exporting...
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According to Business Link, "A price you agree with a customer or supplier one day could rise or fall if the exchange rate changes" (Foreign currency and exchange risks). Therefore, it is important to understand that when Bank of America transacts with Barclays the potential for Bank of America to lose money is high...
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General points of the essay
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