还剩10页未读,继续阅读
本资源只提供10页预览,全部文档请下载后查看!喜欢就下载吧,查找使用更方便
文本内容:
CHAPTER5THEMARKETFORFOREIGNEXCHANGESUGGESTEDANSWERSANDSOLUTIONSTOEND-OF-CHAPTERQUESTIONSANDPROBLEMSQUESTIONS
1.Giveafulldefinitionofthemarketforforeignexchange.Answer:BroadlydefinedtheforeignexchangeFXmarketencompassestheconversionofpurchasingpowerfromonecurrencyintoanotherbankdepositsofforeigncurrencytheextensionofcreditdenominatedinaforeigncurrencyforeigntradefinancingandtradinginforeigncurrencyoptionsandfuturescontracts.
2.WhatisthedifferencebetweentheretailorclientmarketandthewholesaleorinterbankmarketforforeignexchangeAnswer:Themarketforforeignexchangecanbeviewedasatwo-tiermarket.Onetieristhewholesaleorinterbankmarketandtheothertieristheretailorclientmarket.InternationalbanksprovidethecoreoftheFXmarket.Theystandwillingtobuyorsellforeigncurrencyfortheirownaccount.Theseinternationalbanksservetheirretailclientscorporationso...。