Who are the major participants in foreign exchange market, Business Economics

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Who are the major participants in foreign exchange market

Economics question: International trade

Part 1 - How would international trade function if there were no foreign exchange markets?

Part 2 - If only spot markets existed, how would international trade function?

Part 3 - Who are the major participants in the foreign exchange market?

Part 4 - What are the effects of an appreciating/depreciating exchange rate on the balance of payments?

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