A floating exchange rate does NOT:
A) establish the domestic currency value of foreign assets and liabilities
B) perform price discovery
C) reduce short-term volatility
D) establish the price of goods and services sold and purchased in foreign currencies
E) help economies adjust to changing economic circumstances.
Correct Answer:
Verified
Q60: Foreign companies can gain access to US
Q61: FX markets do NOT:
A)facilitate cross-currency payments
B)organise direct
Q62: Given a spot rate of AUD/USD0.5740, and
Q63: A dealer quotes AUD/EUR0.9845-65.
A)The dealer will buy
Q64: If the spot rate is USD/CAN1.67 and
Q66: The value of currencies is most commonly
Q67: The trading of forward FX contracts by
Q68: The value of the AUD can be
Q69: Dealers in foreign currency do NOT:
A)need to
Q70: In a foreign exchange market:
A)exporters are exposed
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