- Describe the functions of the foreign exchange market.
- Understand what is meant by spot exchange rates.
- Recognize the role that forward exchange rates play in insuring against foreign exchange risk.
- Describe the historical development of the modern global monetary system.
- Compare and contrast the differences between a fixed and a floating exchange rate system.
- Describe the benefits of the global capital market.
2 Action Required:
Watch the video using the following link:
3 Test your Knowledge (Question):
Differentiate the World Bank from the IMF