Study the following case/situation and express your opinionMr. X deals

Study the following case/situation and express your opinionMr. X deals in import and export business so he needs different foreign currencies. For the expansion of his business, he borrows money from bank. He invests his funds in the equity shares.(i) Name the market from where Mr. X borrows money.(ii) Name the market where Mr. X invests his funds.(iii) Which type of currency is required for international market?

Answer»

(i) Mr. X borrows money from capital market.

(ii) Mr. X invests his funds in the regulated market.

(iii) The different foreign currency is required by Mr. X for international market.