Foreign exchange trading refers to trading one country’s money for that of another country. The need for such trade a rises because of tourism, the buying and selling of goods internationally, or investment occurring across international boundaries. The kind of money specifically traded takes the form of bank deposits or bank transfers of deposits denominated in foreign currency. The foreign exchange market, as we usually think of it, refers to large commercial banks in financial centers, such as New York or London, that trade foreign-currency-denominated deposits with each other. Actual bank notes like dollar bills are relatively unimportant insofar as they rarely physically cross international borders. In general, only tourism or illegal activities would lead to the international movement of bank notes.
Foreign exchange trading refers to trading one country’s money for that of another country. The need for such trade a rises because of tourism, the buying and selling of goods internationally, or investment occurring across international boundaries. The kind of money specifically traded takes the form of bank deposits or bank transfers of deposits denominated in foreign currency. The by Local Weather Beta" href="#67223082"> foreign exchange market, as we usually think of it, refers to large commercial banks in financial centers, such as New York or London, that trade foreign-currency-denominated deposits with each other. Actual bank notes like dollar bills are relatively unimportant insofar as they rarely physically cross international borders. In general, only tourism or illegal activities would lead to the international movement of bank notes.
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