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(a) The foreign exchange (forex) market is the backbone of international trade and global investing. It is critical to support imports and exports, which are

(a) The foreign exchange ("forex") market is the backbone of international trade and global investing. It is critical to support imports and exports, which are necessary to gain access to resources and to create additional demand for goods and services. Without the ability to trade in different currencies, companies' prospects would be limited and global economic growth would suffer. What are the main functions of the foreign exchange market using examples of the Mauritian Market? 50 marks

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