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Why is tourism an important economy in the Caribbean islands?
1. It brings foreign exchange into the region. 2. It is their main source of income.
What is meant by cash crop?
the cash crop are the main source of earning foreign exchange
What are some of the main causes for fluctuations in foreign currency exchange rates?
Some of the main causes for fluctuations in foreign currency exchange rates are differentials in inflation and differentials in interest rates. Others include currency-account deficits and public debt.
What is the main reason for people to exchange currency?
The main reason for people to exchange currency is to facilitate international trade and travel. Businesses need to convert their local currency into foreign currencies to import goods or services, while travelers exchange money to spend in different countries. Additionally, currency exchange allows investors to diversify their portfolios and take advantage of foreign market opportunities.
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
Why is tourism an important economy in the Caribbean islands?
1. It brings foreign exchange into the region. 2. It is their main source of income.
What is meant by cash crop?
the cash crop are the main source of earning foreign exchange
What are the main institution of the foreign exchange market?
I think that there is no any main institute of foreign exchange market. how ever for informationn about t forex visitwww.forexarticale.blogspot.com
What is Russia's main source of income?
oil
What are some of the main causes for fluctuations in foreign currency exchange rates?
Some of the main causes for fluctuations in foreign currency exchange rates are differentials in inflation and differentials in interest rates. Others include currency-account deficits and public debt.
What was Portugal's main source of economic support came through the business of?
exchange or trade
What is the main reason for people to exchange currency?
The main reason for people to exchange currency is to facilitate international trade and travel. Businesses need to convert their local currency into foreign currencies to import goods or services, while travelers exchange money to spend in different countries. Additionally, currency exchange allows investors to diversify their portfolios and take advantage of foreign market opportunities.
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
How is the forex market different from the New York Stock Exchange?
The main differences between the forex exchange market and new york stock exchange is that forex deals only with foreign exchange and the stock exchange deals primarily with domestic stocks.
What natural resource was most plentiful in russia?
Petroleum, oil and natural gas are Russia's largest natural resources. In fact, Russia's oil and gas exports are the country's main source of hard currency.
What is the main transportation source for Russia?
Most of Russia is poor and without self transportation means. So many use public transportation, Mainly train or bus.
Hw FOREIGN Xchange works?
The main sources of foreign exchange are export earnings from goods andservices, remittances from overseas, direct investment flows and private andofficial loan inflows. The owners of these receipts are the fundamental suppliersin the market, that is, they sell foreign exchange to licensed foreign exchangedealers who are then able to sell to other institutions and individuals who need tobuy foreign exchange.In addition, the National Bank may sell from itsforeign reserves to augment the supply of foreign exchange in the market.On the other hand, individuals and companies need to buy foreignexchange for various reasons. These buyers use the foreign exchange topay for imports of merchandise, to make service payments (inclusive oftravel), to repatriate profits, and to repay external debt. The National Bank may also purchase foreign exchange from the market and this willadd to the official Net International Reserves.The sellers and buyers of foreign exchange are not mutually exclusive. Thesellers of today, may be the buyers of tomorrow, or even of today.
