Why does most interbank currency trading worldwide involve the U.S. dollar?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Trading in currencies worldwide is against a common currency that has internationa...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
International Financial Management
ISBN: 978-0078034657
6th Edition
Authors: Cheol S. Eun, Bruce G.Resnick
Question Posted:
Students also viewed these Finance questions
-
1. Use the table below to answer the following questions. Exchange Rate Quotations Foreign Currency Units per U.S. dollar Country Currency June 30, 2010 June 30, 2005 (currency) Symbol Brazil (real)...
-
Why does personal financial planning involve other disciplines as shown in Figure 1.3? Give some practical examples of their use. Figure 1.3: Origins of Personal Financial Planning OTHER DISCIPLINES...
-
Why does managerial accounting often involve working with numerous predictions and estimates? Should we evaluate a production managers performance on the basis of operating expenses? Why?
-
Draw an ER model according to the below information. NOTE: Use a word or any website to produce the diagrams. Dont use handwriting. In ERD diagram: 1. Entity: There are 6 Entity in this diagram:...
-
The comparative balance sheets and income statements for Gypsy Company follow: Income Statement For the Year Ended December 31, 2017 Sales revenue.................................... $ 61,200 Cost of...
-
Australian wine is popular in Australia and worldwide. Using annual data on wine grape transactions \(Q(10,000\) tonne units) and price \(P(\$ \mathrm{AU} 100\) per tonne) of wine produced in warm...
-
A study in one state compared the traffic fatality rates (number of fatalities per miles driven) on highways with 55, 65, and 75 miles per hour speed limits. They found that highways with a 75 mph...
-
The Metro Central Railroad is a commuter railroad that stops at the Village of Katonah. Katonah, a growing community, decides to construct and operate a parking lot near the railroad station to...
-
Total fixed costs for Blue Dog Company are $62,000 Total costs, both fixed and variable are $210,000 if 90,000 units are produced. What would be the fixed cost per unit at 90,000 units?
-
Halcrow, Inc. expects to replace a downtime tracking system currently installed on CNC machines. The challenger system has a first cost of $70,000, an estimated AOC of $20,000 the first year...
-
What is meant by a currency trading at a discount or at a premium in the forward market?
-
Banks find it necessary to accommodate their clients' needs to buy or sell FX forward, in many instances for hedging purposes. How can the bank eliminate the currency exposure it has created for...
-
Explain the term "regulatory framework" as it applies to financial reporting. Why is this framework needed?
-
A 50% reaction (Parsons half-degree reaction) turbine is to be designed, having a mean diameter of 0.5 m and blade height of 30 mm. The blade angles are 60 degrees at inlet and 160 degrees at outlet....
-
Derive the differential equation of motion for the U-tube manometer shown below and obtain the period of oscillations. You may assume that the viscosity of the liquid is negligible. Denote the...
-
A steam turbine is to be designed using impulse stages. The inlet pressure is 10 bar absolute and 500C and outlets to a condenser at a pressure of 0.04bar absolute. At design stage the isentropic...
-
b) The following Table 1 shows the number of sport shoes in one of Al-Ilman products produce by a factory in year 2023. Forecast: [Jadual 1 berikut menunjukkan bilangan kepada kasut sukan dalam...
-
6a. 6b. Draw free body diagrams and write equations of motion for x and 0 of the cylindrical mass in the following system. Use a right-hand coordinate system where > 0 for counterclockwise rotation....
-
If a natural disaster, such as the 2010 drought in Russia, hits food production, use supply and demand analysis to figure out how this affects consumers and producers. Does everyone lose or are some...
-
Nate prepares slides for his microscope. In 1 day he prepared 12 different slides. Which equation best represents y, the total number of slides Nate prepares in x days if he continues at this rate? A...
-
The enthalpy of solution of potassium chromate (K2CrO4) in water is +17.4 kJ/mol. How does the solubility of this compound change when the temperature is reduced? Strategy Determine whether the...
-
Why would an entrepreneur find it desirable to hedge his or her foreign exchange risk?
-
Explain Modigliani and Millers argument that hedging is irrelevant. What are the most likely violations of Modigliani and Millers assumptions in actual markets?
-
Suppose that after joining the treasury department of a large corporation, you find out that it avoids hedging because the cost of hedging comes out of the treasury departments budget. What argument...
-
a) What is arbitrage? And what are the different types of arbitrage? B) Can arbitrage strategies be risky when price convergence is not guaranteed? Clearly describe and outline 1 real-life example to...
-
Explain each segments of Financial Services Industry which are the BANKS, INSURANCE, AND ASSET MANAGEMENT . Explain each. Explain the updates on the 3 segments of Financial Services Industry (banks,...
-
2. Currency pegging refers to the practice of locking a currency's exchange rate to another country's currency. As it has its own merits and drawbacks, express your opinion to agree or disagree on...
Study smarter with the SolutionInn App