The foreign exchange market serves two main functions.These are
A) collect duties on imported products and convert the currency of one country into the currency of another.
B) insure companies against foreign exchange risk and set interest rates charged to foreign investors.
C) collect duties on imported products and set interest rates charged to foreign investors.
D) convert the currency of one country into the currency of another and provide some insurance against foreign exchange risk.
E) reduce the trade imbalances between countries and convert the currency of one country into another.
Correct Answer:
Verified
Q3: The rate at which one currency is
Q4: The movement of foreign exchange rates
A) provide
Q6: The foreign exchange market converts the currency
Q8: Although the _ offers some insurance against
Q12: Without the _ market,international trade and international
Q14: The _ is a market for converting
Q17: Barrick Gold use a(n) _ strategy to
Q18: Tourists are minor participants in
A)currency conversion exchange
B)capital
Q19: _ typically involves the short-term movement of
Q30: A _ exchange occurs when two parties
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