foreign exch. market
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What is the foreign exchange market | show 🗑
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| show | system of direct quotation, gives the home currency price (numerator) of one unit of foreign currency EX: $1.81/£
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| cross rates | show 🗑
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| currency arbitrage | show 🗑
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| triangular currency arbitrage | show 🗑
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| transaction costs | show 🗑
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| Bid-ask spread | show 🗑
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| show | the price at which the bank is willing to buy
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| ask | show 🗑
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| percent spread formula | show 🗑
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| show | (95%) Interbank market; wholesale market in which major banks trade with one another (20 major banks)
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| retail level | show 🗑
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| show | contracts that derive their value from underlying:
assets: such as stock, bond, or currency
reference rate: such as a 90-day treasury bill rate
index: such as the S&P 500 stock index
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| Forward market participants, Arbitrageurs | show 🗑
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| show | also use forward contracts to eliminate risk of loss on export or import orders that are denominated in foreign currencies
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| show | actively expose themselves to currency risk by buying or selling currencies forward in order to profit from exchange rate fluctuations
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| Forward contract | show 🗑
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| purpose of a forward is | show 🗑
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| show | =forward-spot/spot x360/n x100
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Created by:
mbendik
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