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Give A Full Definition Of The Market For Foreign Exchange ? |
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Answer» Broadly defined, the foreign EXCHANGE (FX) market encompasses the CONVERSION of purchasing POWER from one currency into another, bank deposits of foreign currency, the extension of credit denominated in a foreign currency, foreign trade FINANCING, and trading in foreign currency OPTIONS and futures contracts. Broadly defined, the foreign exchange (FX) market encompasses the conversion of purchasing power from one currency into another, bank deposits of foreign currency, the extension of credit denominated in a foreign currency, foreign trade financing, and trading in foreign currency options and futures contracts. |
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