--%>

Define market for foreign exchange

Define market for foreign exchange.
Broadly described, the foreign exchange (FX) market encompasses the conversion of purchasing power from one currency to another, bank deposits of foreign currency, the extension of credit denominated in a foreign currency, foreign trade financing, and trading in foreign currency options and futures contracts.

 

 

   Related Questions in Financial Management

  • Q : S it possible for a company with a

    Is it possible for a company with a positive net income and which does not distribute dividends to find itself in suspension of payments?

  • Q : Depict and derive the international

    Normal 0 false false

  • Q : Explain Decision features in

    Explain the term Decision features in finite-difference methods.

  • Q : Purchasing power parity When can you

    When can you say that the U.S. dollar and the Canadian dollar have achieved purchasing power parity?

  • Q : Illustrates that how is all money far

    Should you place all your money in a stock which has low risk but also low expected return, or one along with high expected return but that is far riskier or maybe divide your money among the two?

  • Q : International finance factor

    factor responsible for surging the international investment portfolio

  • Q : Describe Greshams Law Describe

    Describe Gresham’s Law.This law refers to the phenomenon that bad (abundant) money drives good (scarce) money out of circulation. This sort of phenomenon was frequently observed under the bimetallic standard under which gold and silver bot

  • Q : Explain Letters of Credit Letters of

    Letters of Credit: It is a binding document which a buyer can request from his bank in order to pledge that the payment for goods will be moved to the seller. Principally, a letter of credit provides the seller reassurance that he will obtain the paym

  • Q : 10.1 Unfocused Books is a discount

    Unfocused Books is a discount retail bookshop that has three departments: fiction, non-fiction and children’s books. Sales and cost of sales for each department are shown below. In addition, each department has its own fixed costs for staffing and takes a one-third share of rental and management cos

  • Q : Short-term and long-term effects of

    Normal 0 false false