Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Foreign Exchange Market are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of businesses and other clients
What is Foreign Exchange Market?
A decentralized, open market where currencies are traded on a worldwide scale is known as the foreign exchange market. For every currency, this market establishes exchange rates. It covers every facet of acquiring, disposing of, and exchanging currencies at the going rate or set rate.
Why foreign exchange is important?
Foreign exchange refers to the exchange of various national currencies or units of account. It is crucial because a country's economic health and, consequently, the happiness of all its citizens, are determined by the exchange rate, or the cost of one currency in relation to another.
To know more about Foreign Exchange visit:
https://brainly.com/question/11135015
#SPJ4
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.
