Foreign exchange/International trade
The foreign exchange system contains the prices of currencies of
other countries. These prices fluctuate based on demand and supply.
Individuals buy and sell currency as they would any other commodity.
Instead of a product like in other markets of world, the product here is
currency, thus the feel of an exchange when it is actually a purchase.
With this in mind, create a 2-3 page response to the following:
- Compare and contrast the Foreign Exchange Market and an international market of your choice.
- Determine an advantage and disadvantage for each.
On the written assignment for Module 3, remember that you should be
comparing the foreign exchange market, which includes the buying and
selling of ALL currencies, with an international market, like say Spain,
where you might be selling particular goods/services, much different
then buying and selling currencies