What is the structure of the foreign exchange market is it, Financial Econometrics

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What is the structure of the foreign exchange market is it

1. What is an exchange rate?

2. What is the structure of the foreign exchange market? Is it like the New York Stock Exchange?

3. What is a spot exchange rate contract? When does delivery occur on a spot contract?

4. What was the Japanese yen spot price of the U.S. dollar on December 21, 2010?

5. What was the U.S. dollar spot price of the Swiss franc on December 21, 2010?

6. How large are the bid-ask spreads in the spot mar- ket? What is their purpose?

7. What was the euro price of the British pound on December 21, 2010? Why?

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