Economic benefits provided by the foreign exchange markets include

Question

Quizplus · Accepted Answer

All of the options listed are economic benefits provided by the foreign exchange markets. The foreign exchange market facilitates the transfer of purchasing power from one currency to another, allowing individuals and corporations to engage in international business transactions. It also provides a way for corporations to manage their risks associated with foreign exchange price fluctuations by allowing them to hedge their positions. Additionally, the foreign exchange market provides access to credit for importers and exporters, allowing them to finance their transactions.

Economic Benefits Provided by the Foreign Exchange Markets Include