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 74 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
Excellent

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Vital signs for clients in metabolic alkalosis may reveal hypotension, bradycardia, and an irregular Vital signs for clients in metabolic alkalosis may reveal hypotension, bradycardia, and an irregular
Family structure is a vital aspect in the socialization of children. Family structure is a vital aspect in the socialization of children.
What are examples of ideal forms? What are examples of ideal forms?
The respiratory system and the process of gas exchange. The respiratory system and the process of gas exchange.
Gas Exchange during Respiration Gas Exchange during Respiration
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library