U.S. dollars are legal currency only in the United States. International investment

Chapter 0, Problem 41

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U.S. dollars are legal currency only in the United States. International investment, travel, and trade require that dollars be exchanged for foreign currency. In todays global economy, a floating exchange rate system is used to value major currencies compared to each other. Because the values of these currencies vary continually, exchange rate tables are published daily by numerous business sources. The table below reflects the currency exchange rates on November 19, 2009.

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