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प्रश्न
What is meant by foreign exchange?
लघु उत्तरीय
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उत्तर
The currency of one nation is typically acknowledged inside its borders, but it is usually not accepted in other nations. Therefore, if it is feasible to convert one country’s money into another, trade across states can occur. Foreign exchange refers to claims on foreign currencies that are receivable in those currencies, such as bank deposits, cheques, etc.
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