Relational contracts contract for every possible contingency

The two most important developments in global capital markets over the last few decades are

A) the growth in FDI within developed countries and private capital flows to emerging economies. B) the growth in FDI to emerging economies and private capital flows within developed countries. C) the growth of cross-border mergers and acquisitions and the stabilization of exchange rate regimes. D) the growth of cross-border mergers and acquisitions and private capital flows within developed countries.

Markets in which the currencies of different countries across the world are traded are called:

a. stock markets. b. foreign exchange markets. c. loanable funds markets. d. commodity markets. e. money markets.