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Gnom [1K]
1 year ago
9

__________ are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of business

es and other clients
Business
1 answer:
Yakvenalex [24]1 year ago
3 0

<u>Foreign Exchange Market</u> are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of businesses and other clients

<h3>What is Foreign Exchange Market?</h3>

A decentralized, open market where currencies are traded on a worldwide scale is known as the foreign exchange market. For every currency, this market establishes exchange rates. It covers every facet of acquiring, disposing of, and exchanging currencies at the going rate or set rate.

<h3>Why foreign exchange is important?</h3>

Foreign exchange refers to the exchange of various national currencies or units of account. It is crucial because a country's economic health and, consequently, the happiness of all its citizens, are determined by the exchange rate, or the cost of one currency in relation to another.

To know more about Foreign Exchange visit:

brainly.com/question/11135015

#SPJ4

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Answer:

d. 5.14%.

Explanation:

Calculation to determine the best estimate of the after-tax cost of debt.

First step

Based on the information given we would make use of rate formula in excel.

=rate(nper,pmt,-pv,fv)

Where,

nper= coupon every six months for 20 years = 40 coupon payments

Pmt =$1000*7.25%*6/12=$36.25

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Let plug in the formula

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Now let calculate the after tax cost of debt using this formula

After tax cost of debt=8.56%*(1-t)

Where,

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Therefore the best estimate of the after-tax cost of debt is 5.14%

8 0
2 years ago
Share an example from your life where you had to make a choice knowing that you are giving up opportunities for doing or gaining
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Explanation:

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The recording of the factory labor incurred for general factory use would include a debit to:
DanielleElmas [232]
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olga55 [171]

Answer:

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