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May 23, 2024

Describe the functions of the foreign exchange market.

Mgt321

12.1 Learning Outcomes:

Describe the functions of the foreign exchange market.

Understand what is meant by spot exchange rates.

Identify the merits of different approaches toward exchange rate forecasting.

12.2 Action Required:

The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.

12.3 Test your Knowledge (Question):
Discuss three forms of currency convertibility in reference to your text book.

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