EXPLAIN THE FOLLOWING IN A SIMPLER TERMS OR SHORT SENTENCES

International Financial Markets . is the market using various modern technical and communication tools to carry out financing, securities trading and related financial business activities. It can be segmented as three markets: the foreign exchange market the international money market and the international capital market including bonds markets and stock markets. Foreign exchange market . is the market where foreign exchange is bought and sold, or where different currencies are exchanged with each other. It is a 24 hours market. The significant roles of the market include currency traders and forex brokers,major commercial banks, capital speculators and central banks. 2 Types of Financial Transaction 1. Foreign exchange spot transaction 2. Forward foreign exchange transaction Foreign exchange spot transaction The foreign exchange transaction agreed by both parties to deliver within two business days after the transaction. Forward foreign exchange transaction . are the foreign exchange dealings after clinching a deal, not delivery, but according to the provisions of the contract within the prescribed date shall be dealt with in accordance with the agreed rate delivery ways of foreign exchange