What is Market for foreign exchange
Provide a complete definition of Market for foreign exchange.
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The foreign exchange (FX) market involves conversion of purchasing power from one currency into the other, extension of the credit denominated in the foreign currency, bank deposits of foreign currency, financing and trading in the foreign currency options and the futures contracts.
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The following information for the month of December 20x6, with respect to cash activities, was gathered by Tressa Ltd.’s bookkeeper. Cash balance per books, December 1 $ 3,700 Discover Q & A Leading Solution Library Avail More Than 1428083 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1933838 Asked 3,689 Active Tutors 1428083 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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