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Describe national monetary systems and how they work in practice.

The response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

TEXTBOOK: August, R., Mayer, D., & Bixby, M. (2013). International business law: Text, cases, and readings (6th ed.). Upper Saddle River, NJ: Prentice Hall.

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