Economics > EXAM > International Business and Money Summary (all-inclusive) Questions and Answers 2023 (All)
International Business and Money Summary (all-inclusive) Questions and Answers 2023
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What affects supply & demand of currency - -Export/import Capital Inflow/outflow Inflation Real/nominal interest rats Political/economic risk Expectations -Interbank market - -Banks dealing wi... th other bank in large volumes; Big international bank the deal with large quantities (millions a day in foreign currency) -Brokers - -Professionals that help individuals get access to foreign currency; help people trade foreign currency -Central banks - -National bank (federal reserve) buy and sell foreign currency; For -Spot market - -exchange rates stated for transactions that require immediate delivery (within two days) -Direct quote - -Number of units the domestic currency needs to get one unit of foreign currency; Ex. -Ex. we are in U.S... how many dollar does it take to get one euro -Indirect quote - -# of units of foreign currency needed to get one unit of domestic currency [Show More]
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