What Are the Three Major Types of Foreign-Exchange Systems,and How

question 53

Essay

What are the three major types of foreign-exchange systems,and how do they operate?

---

Definitions:

Industrial Psychology

A field of psychology that applies psychological theories and principles to organizations and the workplace environment.

Homeostasis

The ability of an open system to maintain a steady state by adapting to changes in its environment.

Throughput

The rate at which input is processed into output in a system, often used in discussing efficiency in production and computer networks.

Systems Theory

An interdisciplinary study of systems in general, with the goal of elucidating principles that can be applied to all types of systems at all nested levels.