首页
登录
职称英语
Currencies have a market, the foreign exchange market. Here, pounds sterling
Currencies have a market, the foreign exchange market. Here, pounds sterling
游客
2024-08-18
22
管理
问题
Currencies have a market, the foreign exchange market. Here, pounds sterling, U.S. dollars, Swiss Francs, Italian Life, etc. are bought and sold. We ought to add that the foreign exchange market is a "market" only in the widest sense of the term. It consists of the foreign exchange departments of most of the banks acting either on their own or on their clients’ account. There are, in addition, the foreign exchange brokers who act as specialized firms in the field.
Practically, all dealing is done by telephone or teleprinter in the offices of the exchange brokers. These brokers are in constant touch with both their opposite broker and the banks. The slightest variation in exchange rate anywhere in the world is watched for possible action. If there are no restrictions on movement of capital between countries, actions are to be taken which will include the rapid shifting of funds between financial centers to take advantage of profitable price differentials.
The freedom of trade in currencies is at present somewhat restricted by a variety of exchange controls which are still enforced by many countries. The demand in one country, say England, for a foreign currency results from the desire for imports from another country, say France. The pound sterling-French Francs price is mainly regulated by interested parties in either country wanting to buy them, or sell to the other. The strength of the pull in either direction settles price of the currencies in terms of one another. This is how in a free exchange market the rate is arrived at.
Needless to say, there are normally more than two countries trading with one another. This somewhat complicates the establishment of exchange rates, because not only pounds, sterling and French francs but also, for example, U.S. dollars, Indian rupees, and Canadian dollars will all simultaneously be in relationship to one another. [br] ______ All countries trade with one another at the same time, therefore, no country can control the exchange.
选项
A、T
B、F
答案
B
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3725296.html
相关试题推荐
Idonotthink______possibletomasteraforeignlanguagewithoutmuchmemorywo
Exchangeaglancewithsomeone,thenlookaway.Doyourealizethatyouhave
Exchangeaglancewithsomeone,thenlookaway.Doyourealizethatyouhave
Exchangeaglancewithsomeone,thenlookaway.Doyourealizethatyouhave
Mike:Youknow,I’malittleuncomfortablewithspeakingEnglishtoforeigners.
Currencieshaveamarket,theforeignexchangemarket.Here,poundssterling
[originaltext]M:Howwouldyoulikeyourtwopoundsofporkchopssliced?W:Me
[originaltext]M:Howwouldyoulikeyourtwopoundsofporkchopssliced?W:Me
[originaltext]M:Howwouldyoulikeyourtwopoundsofporkchopssliced?W:Me
[originaltext]M:Howwouldyoulikeyourtwopoundsofporkchopssliced?W:Me
随机试题
HeordersmeaboutasifI______hiswife.A、wasB、wereC、wouldbeD、shallbeBas
慰问信说明:以John的名义给住院的朋友Tom写一封慰问信。内容:1.听说Tom住进了医院,深感不安;2.开始以为不是很严重,
Whatisthenameoftheprojectforbids?_____________Project.[br]Whatist
Afteraday’shardwork,weneedsomesleep.Duringthesleep,thefatigue
Whatwillthewomandonext?A、Shewillattendthelecture.B、Shewilldrawupa
A.代谢性碱中毒 B.AG增高型代谢性酸中毒 C.AG正常型代谢性酸中毒
诊断幽门螺杆菌感染的金标准是A.基因诊断 B.细菌培养 C.组织染色 D.
大型检修()应对检修关键节点进行稽查。(A)省检修公司、地市公司安质部、运检
我国现行的首次公开发行股票的定价方式是()。 A.协商定价方式B.询价方式
商业银行应按照符合( )的原则,审慎尽责地开展个人理财业务。A.银行与客户双赢
最新回复
(
0
)