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Money is bought and sold using other types of money

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Anonymous

5y ago

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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.


Which of e following best explains what happens to the exchange rate of a floating currency?

The exchange rate of a floating currency is determined by market forces, primarily supply and demand for that currency in the foreign exchange market. Factors such as interest rates, inflation, political stability, and economic performance influence these dynamics. When demand for a currency increases, its value rises; conversely, if demand decreases or supply increases, the currency's value falls. This continuous fluctuation reflects the relative economic conditions of the countries involved.


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 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 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 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 explains why or how something happens?

it is a Theory! :)