A british importer has to pay for american goods but the


1. How and why is the U.S. dollar unique among the world's currencies?

2. A British importer has to pay for American goods, but the exchange rate is temporarily very unfavorable from the British perspective. Describe the Eurodollar market and tell how it might help the importer.

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Accounting Basics: A british importer has to pay for american goods but the
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