Describe the foreign exchange market discuss why it exists, Finance Basics

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Describe the foreign exchange market discuss why it exists

1. Describe the foreign exchange market. Discuss why it exists and why it is necessary for international trade and commerce.

2. What is an exchange rate and how does it relate to the bid and the ask spread?

3. Compare and contrast the basic types of foreign exchange transactions.

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Finance Basics: Describe the foreign exchange market discuss why it exists

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Finance Basics: Describe the foreign exchange market discuss why it exists

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