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Author Question: Exchange rates (for instance, the dollar price of yen) tend to be different worldwide at any point ... (Read 11 times)

Yolanda

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on: Jun 30, 2018
Exchange rates (for instance, the dollar price of yen) tend to be different worldwide at any point in time because of different tastes for currencies in each country.
 
  Indicate whether the statement is true or false

Question 2

What are the reasons for the development and growth of the Eurodollar market?
 
  What will be an ideal response?


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aprice35067

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Reply #1 on: Jun 30, 2018
Answer to Question 1

FALSE
Explanation: because exchange arbitrage makes them equal, excluding transaction costs.

Answer to Question 2

Market has grown with overall growth of dollar business activity worldwide. Market developed because of lack of regulation and consequent opportunity for narrower spreads.


Yolanda

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

jomama

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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