0136091008_PPTsM06_Eiteman0136091008_12_MBF_C06课件.pptVIP

Chapter 6 The Foreign Exchange Market The 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 determination rate of exchange between currencies, and is where foreign exchange transactions are physically completed. The Foreign Exchange Market Foreign exchange means the money of a foreign country; that is, foreign currency bank balances, banknotes, checks and drafts. A foreign exchange transaction is an agreement between a buyer and a seller that a fixed amount