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June 2, 2024

Describe the functions of the foreign exchange market

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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