History, 26.11.2020 02:30, coltonwsmith
Excerpt from Foreign Exchange Market
Business & Economics Research Advisor, from the Library of Congress
An exchange-rate system is the set of rules established by a nation to govern the value of its currency relative to other foreign
currencies. The exchange-rate system evolves from the nation's monetary order, which is the set of laws and rules that
establishes the monetary framework in which transactions are conducted. When one currency is traded for another, a foreign
exchange market is established. The foreign exchange market or FX market is the largest market in the world. The amount of
cash traded exceeds the world's stock markets. Participants in the FX market include large commercial banks, central banks,
governments, multinational corporations and other financial markets and institutions.
What does the author mean by, "When one currency is traded for another, a foreign exchange market is established?
es -0)
A)
The amount of cash traded exceeds the world's stock markets.
B)
The foreign exchange market or FX market is the largest market in the
world.
When individuals and companies want to buy products from another
country, then they need to insure the basis of the market is gold.
When trade occurs between two countries that use different currencies, a
market springs up to allow one country to exchange one type of currency
for another at a certain rate.
D)
Answers: 3
History, 21.06.2019 18:00, Arealbot
The congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defence and general welfare of the united states . .; to borrow money on the credit of the united states; to regulate commerce with foreign nations, and among the several states, and with the indian tribes. —constitution of the united states, article i, section 8 which of these are expressed powers granted by this part of article i, section 8? check all that apply. lay and collect taxes and duties pay debts regulate american indian groups regulate commerce within states borrow money regulate commerce with foreign nations
Answers: 3
History, 22.06.2019 02:00, christopherschool04
Which of the following statements os an example of how climate and vegetation influence lifestyles? a. many south koreans enjoy watching american films and listening to american music. b. many mongolians are pastoral nomads who raise livestock for a living. c. many chinese peasants are moving to cities in search of better jobs opportunities. d. many north koreans wish to see relatives now living in korea.
Answers: 2
History, 22.06.2019 02:30, datands
How did the construction of the erie canal improve transportation in the united states in the 1820s? a. the canal connected the great lakes to the mississippi river. b. the canal connected the great lakes to the ohio river. c. the canal connected the atlantic and pacific oceans. d. the canal connected the great lakes to the atlantic ocean.
Answers: 2
Excerpt from Foreign Exchange Market
Business & Economics Research Advisor, from the Library of...
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