1342_IM_Word_docsM06_EITE1342_12E_IM_C06课件.docVIP

Chapter 6The Foreign Exchange Market (Questions 6-1. Definitions. Define the following terms: ( Foreign exchange market. The foreign exchange market provides the physical and institutional structure through which the money of one country is exchanged for that of another country, the rate of exchange between currencies is determined, and foreign exchange transactions are physically completed. ( Foreign exchange transaction. A foreign exchange transaction is an agreement between a buyer and seller that a fixed amount of one currency will be delivered for some other currency at a specified rate