Social Sciences, asked by tanveerislam288, 9 months ago

Conversion of one currency into another is affected through banks and by means of credit instruments

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Answered by chakri0110

Answer:

Foreign exchange (Forex or FX) is the conversion of one currency into another at a specific rate known as the foreign exchange rate. The conversion rates for almost all currencies are constantly floating as they are driven by the market forces of supply and demand.

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