FIN 580 Wk 2 Discussion Answers
Respond to the following in a minimum of 175 words:
The foreign exchange market is a market in which foreign exchange transactions take place. The Primary function of a foreign exchange market is the transfer of purchasing power from one country to another and from one currency to another. The international clearing function performed by foreign exchange markets plays a very important role in facilitating international trade and capital movement. Certain important types of transactions conducted in the foreign exchange market occurs via the Spot and Forward markets.
- Describe the spot market
- Describe the forward market
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
FIN 580 Wk 2 Discussion Answers.
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