2)The international monetary system is the framework within which countries borrow,lend. buy,sell and make payments across political borders.So far the world has gone through the following types of monetary system: a)the gold standard b)the gold exchange standard c)flexible exchange rate system d)managed float 数更价首5大考
2) The international monetary system is the framework within which countries borrow, lend, buy, sell and make payments across political borders. So far the world has gone through the following types of monetary system: a) the gold standard b) the gold exchange standard c) flexible exchange rate system d) managed float
3)The foreign exchange market is a place where currencies are bought and sold The interbank market is an informal,over-the- counter,around the clock market including major commercial banks and some specialized brokers. The market is linked by telephone,fax,and the Internet,and the settlement of transactions is done via SWIFT. 约价首多大考
3) The foreign exchange market is a place where currencies are bought and sold. The interbank market is an informal, over-thecounter, around the clock market including major commercial banks and some specialized brokers. The market is linked by telephone, fax, and the Internet, and the settlement of transactions is done via SWIFT
Purchasing power parity:Purchasing power parity (PPP)is a theory of exchange rate determination and a way to compare the average costs of goods and services between countries.The theory assumes that the actions of importers and exporters motivated by cross country price differences,induces changes in the spot exchange rate.capital account,induces changes in the exchange rate 数更价首5大考
Purchasing power parity: Purchasing power parity (PPP) is a theory of exchange rate determination and a way to compare the average costs of goods and services between countries. The theory assumes that the actions of importers and exporters motivated by cross country price differences, induces changes in the spot exchange rate. capital account, induces changes in the exchange rate