In an open economy,there is interaction with other economies in terms of both trading of goods and services and borrowing and lending.

Name: In an open economy,there is interaction with other economies in terms of both trading of goods and services and borrowing and lending.
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In an open economy, there is interaction with other economies through trade and financial flows. This means that goods and services can be imported and exported, and borrowing and lending can occur across borders.

In an Open Economy,there Is Interaction with Other Economies in Terms