Please Define the Following Key Terms

question 30

Short Answer

Please define the following key terms
-revolutionary vanguard

---

Definitions:

Foreign Exchange Market

A global marketplace for buying and selling national currencies.

Currency

The system of money in general use in a particular country, or the physical notes and coins themselves.

Short-Run Exposure

Financial risk associated with fluctuating exchange rates that affects a company's transactions or valuation in the near term.

Exchange Rate Risk

The potential for losses resulting from fluctuations in the exchange rate between two currencies in international transactions.