What is most different about the foreign exchange market versus the New York Stock Exchange?
What will be an ideal response?
Answer: The interbank foreign exchange market is a very large, diverse, over-the-counter market, not a physical trading place such as the New York Stock Exchange where buyers and sellers gather in a specific geographic location to agree on a price to exchange currencies. Currency traders, who are employees of financial institutions in the major financial cities around the world, deal with each other primarily over the phone or via computer, with written or formal electronic confirmations of transactions occurring only later.
You might also like to view...
The principle of insurable interest is important because it:
A) makes insurance companies more profitable B) supports the principle of indemnity C) prevents insurers from unfairly denying insurance claims D) prevents an insurer from subrogating against a negligent third party
A sample of 100 e-mail users were asked whether their primary e -mail account was a
free account, an institutional (school or work) account, or an account that they pay for personally. Identify the classes for the resulting data. What will be an ideal response?