The foreign exchange system contains the prices of currencies of other countries. These prices fluctuate based on demand and supply. Individuals buy and sell currency as they would any other commodity. Instead of a product like in other markets of world, the product here is currency, thus the feel of an exchange when it is actually a purchase.
With this in mind, create a 2-3 page response to the following:
- Compare and contrast the Foreign Exchange Market and an international market of your choice.
- Determine an advantage and disadvantage for each.
assignment should be proofread for correct spelling, grammar, and punctuation. APA style
Foreign exchange market is referred as global decentralized market for the trading of currencies In terms of amount of trading. It is by far the most known favorable market in the world. The main participants in this market are the larger international banks. Financial centers across the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock. The foreign…