What Are The World's Major Foreign Exchange Markets And Their Functions?
In what ways are these markets better than the use of the gold standard?
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The functions of world's major foreign exchange markets are to determine an exchange rate, that is determined through basic principles of supply and demand. The exchange rate is essential for the
economy due to potential of economic growth which resides with exports and imports. International trade, foreign investment, demand for a country's dollars buy exporting firms in the same country and the employment are factors needing an exchange rate which allows the above to positively influence the economy.
The world's major Foreign Exchange Markets are:
economy due to potential of economic growth which resides with exports and imports. International trade, foreign investment, demand for a country's dollars buy exporting firms in the same country and the employment are factors needing an exchange rate which allows the above to positively influence the economy.
The world's major Foreign Exchange Markets are:
- U.S
- Japan
- China
- Australia
- India
- Hongkong
- France
- Singapore
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