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Money is bought and sold using other types of money

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Anonymous

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Q: Which of following best explains what happens in the currency exchange market?
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Related questions

What best explains what happens to the exchange of a floating currency?

The exchange rate for that currency changes depending on the operations of the free market


What best explains what happens to the exchange rate of a floating currency?

The exchange rate for that currency changes depending on the operations of the free market


Which of the following explains what happens when currency traders buy on?

They borrow money from their broker in order to make a larger currency purchase


What best explains what happens when a currency is pegged to the us dollar?

The value of the pegged currency goes up and down depending on the exchange rate of the U.S. dollar. ALSO Pegging a currency to the U.S. dollar gives that currency the same stability as the U.S. dollar, keeping its exchange rate from fluctuating too wildly.


What happens when a currency is pegged to the U.S dollar?

The value of the pegged currency goes up and down depending on the exchange rate of the U.S. dollar. Pegging a currency to the U.S. dollar gives that currency the same stability as the U.S. dollar, keeping its exchange rate from fluctuating too wildly.


Where will I get the most competitive rates of foreign currency exchanged?

The best currency exchange happens at the banks in Indonesia. They have the lowest rates as well as many currencies to choose from.


What happens in currency exchange market?

The Foreign exchange market or the Forex is the place where participants are able to exchange, sell, buy and speculate currencies. It is one of the world's largest trading area.


What happens in the exchange currency market?

The Foreign exchange market or the Forex is the place where participants are able to exchange, sell, buy and speculate currencies. It is one of the world's largest trading area.


What happens in the currency market?

The Foreign exchange market or the Forex is the place where participants are able to exchange, sell, buy and speculate currencies. It is one of the world's largest trading area.


Where does foreign exchange currency trading take place?

Foreign exchange trading can be conducted in a variety of countries such as Mexico, China, and Ukraine. It all depends upon the time, place, and budget.


What happens when you find money in your room from another country which doesn't belong to anyone in your family what does this mean where did it come from?

This is what I would do: 1) Go to a currency exchange shop thing 2) Exchange the money into whichever currency you want 3) Then, with the money, donate to a charity because the money DOESNT belong to you, therefore, you shouldn't keep it. hope this helps/ed. :D


What explains why or how something happens?

it is a Theory! :)