This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why is the foreign exchange market so vital? What will be an ideal ... (Read 93 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 30, 2018
Why is the foreign exchange market so vital?
 
  What will be an ideal response?

Question 2

Before World War I, most countries belonged to a system of fixed exchange rates in which currencies were tied to which of the following assets?
 
  A) The U.S. dollar
  B) The British pound
  C) Silver
  D) Gold


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

The foreign exchange market is the central component of the international capital market. The exchange rates it sets help determine the profitability of international transactions of all type. The exchange rates show valuable economic signals to households and firms involved in international trade and investment.

Answer to Question 2

D


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jun 30, 2018
:D TYSM

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Regulation of heat exchange in the skin. Regulation of heat exchange in the skin.
Countercurrent heat exchange in dolphin flippers promotes conservation of body heat. Countercurrent heat exchange in dolphin flippers promotes conservation of body heat.
Countercurrent heat exchange in the lateral muscles of bluefin tuna. Countercurrent heat exchange in the lateral muscles of bluefin tuna.
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library