What is Market for foreign exchange
Provide a complete definition of Market for foreign exchange.
Expert
The foreign exchange (FX) market involves conversion of purchasing power from one currency into the other, extension of the credit denominated in the foreign currency, bank deposits of foreign currency, financing and trading in the foreign currency options and the futures contracts.
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It is, normally, not possible to fully remove both the translation exposure and transaction exposure. In some cases, eradication of one exposure will also eliminate the other. However in other cases, removal of one exposure really creates the other.
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Required parts are clearly describes at the end of the questions and additional resource contains the journal article related to question three.. Approx 2000 word assignment.. First Question is of not more than 1000 words to make memorandum and its example is given at end of assignment and require
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