The foreign exchange market is similar in form to the New York Stock Exchange.
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Q39: The international currency system that presently exists
Q40: To buy one Indian Rupee you would
Q41: Forward rates, like spot rates, are quoted
Q42: Spot exchange markets have the potential for
Q43: Arbitrage eliminates forward discounts and premiums across
Q45: Forward contracts are usually quoted for periods
Q46: Spot exchange markets are efficient due to
Q47: The asked rate is the price a
Q48: Arbitrage is the process of buying and
Q49: The forward rate is the same as
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