Asked by Kylie Burchett on May 08, 2024
Verified
A market in which the money of one nation is exchanged for the money of another nation is a
A) resource market.
B) bond market.
C) stock market.
D) foreign exchange market.
Foreign Exchange Market
A worldwide platform for trading one country's currency for another.
Resource Market
A market where resources (such as labor, capital, and raw materials) required for the production of goods and services are bought and sold.
Bond Market
A financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market, including government bonds, corporate bonds, and other types of debt instruments.
- Understand the fundamental principles of the foreign exchange market and the mechanisms of currency exchange rates.
Verified Answer
SJ
stephanie jonahMay 09, 2024
Final Answer :
D
Explanation :
The foreign exchange market is specifically designed for the exchange of one nation's currency for another nation's currency. The resource market is for the exchange of resources, the bond market is for the trade of bonds, and the stock market is for the trade of stocks.
Learning Objectives
- Understand the fundamental principles of the foreign exchange market and the mechanisms of currency exchange rates.