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Essay

Foreign Exchange market

Essay specific features

 

Issue:

Business

 

Written by:

Stephanie C

 

Date added:

February 4, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1100

 

Was viewed:

4252 times

 

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Essay content:

dollars but what if you’re not from the U.S. or that country only accepts its own form of currency? This is the world foreign exchange market comes into play. The foreign exchange market also sometimes called “FX” is where countries can buy and sell different currencies. This is where we find the term exchange rate...
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This is where we find the term exchange rate. The Exchange rate is “the price of one currency in terms of another”. (FRB of N.Y. , 2008). This is how people from one country trade with a foreign country. To make an example if Japan buys oil from Iraq more then likely the can pay for it with U.S. dollars but there own currency will not be accepted so they must use the foreign exchange market to exchange currencies...
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