Question: . Lengthy response please/ NEED NEW ANSWER / ANSWER NEVER USED BEFORE/ no textbook answers please. What is the exchange rate? How are exchange rates

Lengthy response please/ NEED NEW ANSWER / ANSWER NEVER USED BEFORE/ no textbook answers please.

What is the exchange rate? How are exchange rates determined, and what is the best tool for understanding exchange rate fluctuations? Why are exchange rates important for international business?

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