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Foreign Exchange Currency Pairs
A currency might be a mean of exchange, facilitating the transfer of Merchandise and/or services. It is one form of cash, exactly where money is anything that serves as a medium of exchange, a store of value, plus a standard of value. Currencies are the dominant medium of exchange. Coins and paper cash are both forms of currency.
A currency pair depicts a quotation of two different currencies on the Forex market. The really first currency in the pair is the base currency or transaction currency. The second currency within the pair is labelled quote currency, payment currency or counter currency. Such a quotation shows how many units of the counter currency are needed to buy one unit of the base currency.
For example the quotation EUR/USD 1.2700 means that one euro is exchanged f ... [Cash Loans Online No Credit Check Cash Loans. Quick Approval.]
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