首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Currencies have a market, the foreign exchange market. Here, pounds sterling, U.S. dollars, Swiss Francs, Italian Life, etc. are
Currencies have a market, the foreign exchange market. Here, pounds sterling, U.S. dollars, Swiss Francs, Italian Life, etc. are
admin
2011-01-05
46
问题
Currencies have a market, the foreign exchange market. Here, pounds sterling, U.S. dollars, Swiss Francs, Italian Life, etc. are bought and sold. We ought to add that the foreign exchange market is a "market" only in the widest sense of the term. It consists of the foreign exchange departments of most of the banks acting either on their own or on their clients’ account. There are, in addition, the foreign exchange brokers who act as specialized firms in the field.
Practically, all dealing is done by telephone or teleprinter in the offices of the exchange brokers. These brokers are in constant touch with both their opposite broker and the banks. The slightest variation in exchange rate anywhere in the world is watched for possible action. If there are no restrictions on movement of capital between countries, actions are to be taken which will include the rapid shifting of funds between financial centers to take advantage of profitable price differentials.
The freedom of trade in currencies is at present somewhat restricted by a variety of exchange controls which are still enforced by many countries. The demand in one country, say England, for a foreign currency results from the desire for imports from another country, say France. The pound sterling-French Francs price is mainly regulated by interested parties in either country wanting to buy them, or sell to the other. The strength of the pull in either direction settles price of the currencies in terms of one another. This is how in a free exchange market the rate is arrived at.
Needless to say, there are normally more than two countries trading with one another. This somewhat complicates the establishment of exchange rates, because not only pounds, sterling and French francs but also, for example, U.S. dollars, Indian rupees, and Canadian dollars will all simultaneously be in relationship to one another.
______ Banks enter the foreign exchange market on their clients’ and countries’ account.
选项
A、T
B、F
答案
B
解析
转载请注明原文地址:https://www.kaotiyun.com/show/NPVK777K
本试题收录于:
C类竞赛(非英语专业本科)题库大学生英语竞赛(NECCS)分类
0
C类竞赛(非英语专业本科)
大学生英语竞赛(NECCS)
相关试题推荐
PASSAGETHREEInParagraph4,whydoestheauthormention"resultsfromothertypesofpreschoolreadinessprograms”?
BenbecameinterestedinMongoliaearlyinlife.Whenhewas9yearsold,hereadabookaboutMarcoPolo,abouthowMarcoPolo
NewwordsentertheEnglishlanguageallthetime.Infact,Englishhasalwaysbeeninastateof【T1】________.Andinrecentyea
NewwordsentertheEnglishlanguageallthetime.Infact,Englishhasalwaysbeeninastateof【T1】________.Andinrecentyea
NewwordsentertheEnglishlanguageallthetime.Infact,Englishhasalwaysbeeninastateof【T1】________.Andinrecentyea
Hello,everybody.Thankyouverymuchforinvitingmehere.It’sverypleasanttohaveachancetotalktoyouaboutsomethingt
Forshopaholics,thepost-Christmas【T1】________meansonlyonething—sales!Acrossthecountry,pricesareslashedon【T2】________
Theinternationalsituationhasbeengrowing________difficultforthelastfewyears.
Agreatamountofworkhasgoneinto________theCathedraltoitsprevioussplendour.
DealingwithLifeAbroadIntroduction.millionsofpeoplegoabroadtowork,studyortravel.symptomsofculture
随机试题
患者,男性,30岁。大面积烧伤6h,转送途中输液1000ml。入院后监测CVP(中心静脉压)4cmH2O(0.39kPa),血压80/60mmHg(67/8kPa),尿量20mL/h,四肢厥冷,呼吸急促,提示的情况是
投资项目的经济影响在社会组织层面上表现为()。
某工程施工合同中约定竣工日期为2012年10月31日,工程施工过程中出现了以下情况:(1)开工时乙方设备延迟了7天进入施工场地;(2)施工中发生了洪灾,拖延施工17天;(3)施工中非承包商原因停水、停电累计达到8小时;(4)设计变更导致工程量增加的
下列关于进出口货物申报期限的表述正确的是()。
证券公司介绍其客户到期货公司开户,当期货、现货市场行情发生重大变化导致该客户期货账户可能出现风险时,证券公司可以()。
2005年二季度与三度同比增长比较,二季度()。2004年年初至二季度末,投资规模同比增长的变化情况是()。
《大同书》
《战国策》的编纂体例属于()。
软件测试过程是一个输入输出的过程,测试过程的输入需要______。A)软件配置B)测试配置C)测试工具D)以上全部
A、Inapartment.B、Inmotel.C、Inthedowntown.D、Intheareawherehousesarecheaper.D细节题。文中提到他们在房价便宜的地方买个房子,因此表明这些美国人倾向于买位于房
最新回复
(
0
)