List Three Duties That an Agent Has to the Principal

question 113

Essay

List three duties that an agent has to the principal.

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Definitions:

Market For Foreign Exchange

The marketplace where currencies are traded internationally, determining the exchange rates between different currencies.

Capital Flight

The massive outflow of financial assets and capital from a country triggered by economic or political unrest.

Loanable Funds

The resources available for borrowing in the financial markets, influenced by savings, borrowing, and the government’s fiscal policies.

Demand For Loanable Funds

The desire to borrow money, driven by (among other factors) investments and the consumer desire for purchasing goods or services on credit.