首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Currencies have a market, the foreign exchange market. Here, pounds sterling, U.S. dollars, Swiss Francs, Italian Life, etc. are
Currencies have a market, the foreign exchange market. Here, pounds sterling, U.S. dollars, Swiss Francs, Italian Life, etc. are
admin
2011-01-05
30
问题
Currencies have a market, the foreign exchange market. Here, pounds sterling, U.S. dollars, Swiss Francs, Italian Life, etc. are bought and sold. We ought to add that the foreign exchange market is a "market" only in the widest sense of the term. It consists of the foreign exchange departments of most of the banks acting either on their own or on their clients’ account. There are, in addition, the foreign exchange brokers who act as specialized firms in the field.
Practically, all dealing is done by telephone or teleprinter in the offices of the exchange brokers. These brokers are in constant touch with both their opposite broker and the banks. The slightest variation in exchange rate anywhere in the world is watched for possible action. If there are no restrictions on movement of capital between countries, actions are to be taken which will include the rapid shifting of funds between financial centers to take advantage of profitable price differentials.
The freedom of trade in currencies is at present somewhat restricted by a variety of exchange controls which are still enforced by many countries. The demand in one country, say England, for a foreign currency results from the desire for imports from another country, say France. The pound sterling-French Francs price is mainly regulated by interested parties in either country wanting to buy them, or sell to the other. The strength of the pull in either direction settles price of the currencies in terms of one another. This is how in a free exchange market the rate is arrived at.
Needless to say, there are normally more than two countries trading with one another. This somewhat complicates the establishment of exchange rates, because not only pounds, sterling and French francs but also, for example, U.S. dollars, Indian rupees, and Canadian dollars will all simultaneously be in relationship to one another.
______ Brokers are those people, according to the passage, who buy or sell business shares for others.
选项
A、T
B、F
答案
A
解析
转载请注明原文地址:https://jikaoti.com/ti/LBLMFFFM
本试题收录于:
C类竞赛(非英语专业本科)题库大学生英语竞赛(NECCS)分类
0
C类竞赛(非英语专业本科)
大学生英语竞赛(NECCS)
相关试题推荐
Youaredoingaminiresearchprojectoninternationalmigration.Thefollowingaresomeusefulmaterials.Writeareportofabo
PASSAGETHREEWhatdoestheword"sterling"inLine4ofParagraph1mean?
(1)AmassiveearthquakestruckHaitijustbefore5p.m.onJan.12,about10milessouthwestofPort-au-Prince,thecountry’sc
(1)AmassiveearthquakestruckHaitijustbefore5p.m.onJan.12,about10milessouthwestofPort-au-Prince,thecountry’sc
DearSirs,(1)Yourshipmentoftwelvethousand"Smart"watcheswasreceivedbyourcompanythismorning.However,wewisht
PASSAGETHREEInParagraph4,whydoestheauthormention"resultsfromothertypesofpreschoolreadinessprograms”?
(1)AnextremecoldspellmightbeunwelcometomuchoftheNorthernHemisphere,butitiswarmlywelcomedbyonegroup—theoi
Thecompanyannouncedthatithasachieveditsmissiontocreatealocalfoodeconomythatis________toanyenvironment.
A、Shestartedherownbusiness.B、Shewenttoanothercompany.C、Shestartedlearningaboutgardening.D、Shewaitedforopportun
Intheeventoffailurewemustwindupourbusiness.Theunderlinedpartmeans________.
随机试题
A、蝶筛隐窝B、鼻后孔C、上鼻道D、中鼻道E、下鼻道上鼻甲的后上方称
药效学是研究
外感风寒或风热之邪,或痰湿壅肺,肺失宣肃,导致的音哑或失音,称为
用统筹法计算工程量时,常采用的基数为“三线一面”,其中的“一面”是指()。
下列情况中,自动扶梯开关断开动作必须通过安全电路来完成的有()。
在古老的华夏族逐渐形成的过程中,______发挥了重要的作用,他被后世尊为华夏族(即中华民族前身)的“人文初祖”。
下列选项中,包含“矛盾双方在一定条件下可以相互转化”的哲学原理的有哪些?()
①鼓励地方政府从关注经营城市转向提供公共服务,为城市居民创造安居乐业的环境②但是需要厘清的是,房产税改革推出的初衷并不是为了调控房地产市场③就是将其培育为地方的一项稳定的收入来源,逐步减少地方政府对土地财政的依赖,遏制地方政府经营土地的
将f(x)=展开为x的幂级数,并求f(n)(0),其中n=1,2,3,….
设A为m×n阶矩阵,则方程组AX=b有唯一解的充分必要条件是().
最新回复
(
0
)