ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It creates trade barriers between countries
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It creates fairness for trade between countries
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It causes specialization of all products and services
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Human capital increases wage levels
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Detailed explanation-1: -The foreign exchange markets play a critical role in facilitating cross-border trade, investment, and financial transactions. These markets allow firms making transactions in foreign currencies to convert the currencies or deposits they have into the currencies or deposits they want.
Detailed explanation-2: -If a country experiences inflation, the prices of its exports increase, making them less attractive to foreigners. Inflation can also decrease domestic demand for domestic goods, leading a country’s importers to exchange their currency for foreign ones in order to buy cheaper goods from abroad.
Detailed explanation-3: -Low costs. 24-hour access 7 days a week. Forex is suitable for different trading styles. Increase liquidity. Forex is a decentralized market. Possibility of initial investment with low capital. Various currency fluctuations and options. Easy sales in the short term. More items •20-Sept-2022