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The Foreign Exchange Market Provides the Physical and Institutional Structure

question 69

Essay

The foreign exchange market provides the physical and institutional structure through which three typical functions are accomplish. List and explain three functions of the foreign exchange market.


Definitions:

Specialized Language

A set of terms and expressions used exclusively within a specific field or by a particular group, similar to jargon.

Clichés

Overused expressions or ideas that have lost their originality and impact due to excessive use.

Profession

A paid occupation, especially one that involves prolonged training and a formal qualification.

Abstract Words

Words that represent concepts, qualities, or ideas rather than concrete or physical objects.

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