ECONOMICS
RISK AND RETURN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One currency is exchanged for another
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Currency market
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Foreign exchange
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Currency exchange
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Foreign Currency Exchange Market
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Explanation:
Detailed explanation-1: -It is necessary when people travel to other countries and have to exchange their currency for the other currency. Q. The exchange rate at which demand for foreign currency becomes equal to its supply is called the exchange rate.
Detailed explanation-2: -A currency swap, sometimes referred to as a cross-currency swap, involves the exchange of interest-and sometimes of principal-in one currency for the same in another currency.
Detailed explanation-3: -Foreign exchange, also known as forex, is the conversion of one country’s currency into another. The value of any particular currency is determined by market forces related to trade, investment, tourism, and geopolitical risk.
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