Question

what defines a currency market?

what defines a currency market?
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A market for the active trading and exchange of currencies throughout the world. Also called foreign exchange, it is actually a vast network of interconnected markets used by central banks, banking institutions, corporations and speculators to trade currencies over-the-counter.

It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market. The main participants in this market are the larger international banks.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Currency A is worth $2 in the spot market. Currency B is worth $3 spot. Currency...
Currency A is worth $2 in the spot market. Currency B is worth $3 spot. Currency B costs                                1.6 units of currency A. You have $30000 to try to generate arbitrage with. If you are                             successful what will be your $ gain? $200 $500 $1000 $2000 None of the above.
Jensen is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market....
Jensen is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. Jensen thinks the yen will move to ¥128.00/$ in the next six months. If Jensen 's expectations are correct, what should Jensen do in order to profit from changing currency values?
What defines capitalism as a socio-economic system?
What defines capitalism as a socio-economic system?
What property of a molecule defines how it tastes?
What property of a molecule defines how it tastes?
What are the challenges that currency exchange rates pose to doing business in a global market?...
What are the challenges that currency exchange rates pose to doing business in a global market? How can business use exchange rates to their advantage in conducting business globally?
Foreign currency market participants in the futures market wishing to lock in a price at which...
Foreign currency market participants in the futures market wishing to lock in a price at which they could _______ a foreign currency will ________ a futures contract. a) buy; sell b) sell; sell c) sell; buy d) All of the above  
Use diagrams for the market for loanable funds and the market for foreign currency to describe...
Use diagrams for the market for loanable funds and the market for foreign currency to describe what would happen to Net Capital Outflow, the Canadian Real Exchange Rate and Net Exports if the government budg et deficit increases.
What you can make if your local currency goes up or down in international market area?
What you can make if your local currency goes up or down in international market area?
Question 7. Use diagrams for the market for loanable funds and the market for foreign currency...
Question 7. Use diagrams for the market for loanable funds and the market for foreign currency to describe what would happen to Net Capital Outflow, the Canadian Real Exchange Rate and Net Exports if the government budget deficit increases.
1. When market participant appreciate a currency what happens to its value? a. it appreciates b....
1. When market participant appreciate a currency what happens to its value? a. it appreciates b. it depreciates c. it goes up d. it goes down in value 2. When a country adopts another country's currency as their own, this is called. a. pegged exchange rate b. dollarization c. flexible exchange rate d. original sin
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT