Question: rite short notes on the following: a . Explain four functions of the foreign exchange market. b . What is an exchange rate? Relate it

rite short notes on the following:
a. Explain four functions of the foreign exchange market.
b. What is an exchange rate? Relate it to the spot rate.
c. If the exchange rate is 1USD=0.88EUR and 1EUR=140JPY. What is
cross exchange exchange rate between USD and JPY?
d. If the exchange rate is 1CAD=0.88USD and 1USD=60INR. What is the cr
exchange exchange rate between CAD and INR?
e. State the two exchange rate quotations.
rite short notes on the following: a. Explain four functions of

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