Define the following terms: Foreign exchange market Foreign exchange transaction Foreign exchange
Question:
Define the following terms:
- Foreign exchange market
- Foreign exchange transaction
- Foreign exchange
The foreign exchange market (also known as forex, FX or the currency market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants are able to buy, sell, exchange and...
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The foreign exchange market provides the physical and in...View the full answer
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Related Book For 
Multinational Business Finance
ISBN: 978-0132743464
13th edition
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
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