September 2009
Beginner
472 pages
20h 20m
English
Content preview from International Financial Management
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Chapter 1
The Foreign Exchange Market: Structure and Operations
LEARNING OBJECTIVES
After studying this chapter, you should be able to:
Gain insight into developments in the world economy that have influenced the foreign exchange market.
Delve into the nature and operations of the foreign exchange market.
Understand the meaning of foreign exchange rates and the process of quoting such rates.
Distinguish between spot trading and forward trading.
Understand the concept of cross rates.
Explain the process of arbitraging.
Understand the meaning of nostro, vostro, and loro accounts.
Analyse the relationship between forward rates and future spot rates.
Discuss trends in foreign exchange trading and look at the major communications networks for ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.