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What Are the Major Differences Between the Interbank Foreign Exchange

question 21

Essay

What are the major differences between the interbank foreign exchange market and the foreign currency exchanges?


Definitions:

Trade

The exchange of goods or services between individuals, businesses, or countries.

World Price

The worldwide market rate of a product or service, shaped by the global conditions of supply and demand.

Import

The act of bringing goods or services into one country from another for sale or use, which can impact domestic markets and industries.

Export

The act of selling goods or services produced in one country to another country.

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