IB week 3

The foreign exchange system contains the prices of currencies of other countries. These prices fluctuate based on demand and supply. Individuals buy and sell currency as they would any other commodity. Instead of a product like in other markets of world, the product here is currency, thus the feel of an exchange when it is actually a purchase.

With this in mind, create a 2-3 page response to the following:

  1. Compare and contrast the Foreign Exchange Market and an international market of your choice.
  2. Determine an advantage and disadvantage for each.