Assignment #4
FOREX MARKET
MONEY, FOREIGN EXCHANGE, FINANCE.
Student’s
Name: Giselle Rivas Alcantar
Nua:
415485
After watching the video, answer the
following questions in complete sentences.
1. What does Forex stand for?
Forex stands for Foreign Exchange.
2. What does Forex refer to?
It is a market dedicated to the exchange of the different types
of currencies that exist in the world.
3. What is Forex trading?
Is trading one currency for another.
4. What does Forex trading
market refer to?
Refers to some sort of institution that facilitates the
exchange of one country's currency with another country’s currency.
5. How does the foreign
exchange work?
It works as a market that is opened for business 24/7 in
which people can make profit taking in advantage the fluctuation that all the
currencies in the world have.
6. What do people trade?
People trade their money for other currencies.
7. How do people trade?
Because there is no single center of operations, people from
all over the world just trades their money on the stock exchanges they have
nearby.
8. What is a currency-pair?
It is the value of one currency against another in forex.
9. What makes currency- pairs
move?
Inflation, political differences, wars, GDP.
I did not know what the Forex market is, although I already had the notion that some people could make a profit from comparing two currencies.
ResponderBorrarThe topic is interesting and I think is important to know more about this. We are not aware these types of issues are important to know how the economic works
ResponderBorrarAlthough I knew a little bit about forex market, I still believe it's as complex as interesting. I think we participate in this market even if we don't notice, like when we buy something online or when we buy something in another country.
ResponderBorrar