at Bretton Woods. The Clear Answers and Start Over feature requires scripting to function. A) U.K. pound, Chinese Yuan, Japanese yen. In finance, a spread usually refers to the difference between two prices (the bid and the ask) of a security or asset, or between two similar assets. // - Cross-currency exchange takes place when two or more foreign currencies trade . The exchange rate can be defined as the number of units of one currency (the quote currency) that are needed to purchase one unit of another currency (base currency). Hence, the Credit market is also known as the Debt Market. Hence, arbitraging equates the demand for foreign exchange with its supply, thereby acting as a stabilizing factor in the exchange markets. D) none of the above, From the viewpoint of a British investor, which of the following would be a direct quote in the C) $0.8908/ Hence, the correct answer is (B), (D), (A), (E), (C). Current account convertibility relates to the removal of restrictions on payments relating to the international exchange of goals, services, and factor incomes, while capital account convertibility refers to a similar liberalization of a countrys capital transactions such as loans and investment, both short term and long term. A foreign exchange ________ is a willingness to buy or sell at the announced rate. In direct quotation, the unit kept constant is -, 10. Option 1 : Both (A) and (R) are true and (R) is the correct explanation of (A), Option 2 : Indian energy company buying territory abroad where it expects to find oil reserve, Option 1 : hedging against foreign exchange risk. The current system of international finance is a ____. Statement (I) : International liquidity encompasses the international reserves only. lbis report presented evidence as to the enormous size of the foreign exchange market and underlined the general impression that central banks are more or less Answer: (b) The reduction in the value of a currency due to market forces is known as, 7. (T/F) Because the market for foreign exchange is worldwide, the volume of foreign exchange Officer, MP Vyapam Horticulture Development Officer, Patna Civil Court Reader Cum Deposition Writer. make their profits through the spread between bid and offer rates of exchange. take advantage of the small inconsistencies that develop between markets. C) U.K. pound, euro, Japanese yen. telecommunication techniques and little is conducted face-to-face. C) 0.55/ An economist will define the exchange rate between two currencies as the: 15. B) quote; quote An arbitrageur is an individual who profits through inefficiencies in the financial markets.
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