Question

1. Explain the global, decentralized financial market for trading currencies in commercial banks and trade finance....

1. Explain the global, decentralized financial market for trading currencies in commercial banks and trade finance. How is it done?

2. Finding that qualified, right customer makes the process easier, but you and the customer still need to move through the remaining steps to get the business. In the insurance business they set quotas on giving quotes to customers - the most quotes the more sales. They are focused on volume rather than quality. Do you agree with the effectiveness of this approach?

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Currency market is highly decentralised financial market. it is conducted and carried out with help of commercial bank and other financial institutions. These commercial banks are spread across the world. Branches across the country and world act to facilitate international economic transactions.

banks and financial institutions have specialised and designated branches for conducting such transactions. Generally, such branches are located near airports and other centres where demands for such services are high.

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