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Author Question: Briefly discuss the different categories of clients that are serviced by foreign exchange ... (Read 29 times)

ETearle

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on: Jul 7, 2018
Briefly discuss the different categories of clients that are serviced by foreign exchange departments of banks?
 
  What will be an ideal response?

Question 2

In a short essay, describe the intermediary functions of agents and manufacturer's representatives. How are the two intermediaries similar?
 
  What will be an ideal response?

Question 3

The ________ sets the expatriate's salary in terms of the salary of a comparable job in the city where the MNE has its headquarters.
 
  A) host-based method
  B) home-based method
  C) headquarters-based method
  D) culturally based method


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SeanoH09

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Commercial customers engage in foreign exchange transactions as part of normal commercial activities. Speculators deliberately assume exchange risks by acquiring positions in a currency, hoping to predict changes in market value. Arbitrageurs attempt to exploit small differences in the price of a currency between markets.

Answer to Question 2

Beautifully done Thanks

Answer to Question 3

C


ETearle

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Reply #2 on: Jul 7, 2018
Thank you :)


SeanoH09

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Reply #3 on: Jul 7, 2018
Happy to help you


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