International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
9th Edition
ISBN: 9780134729220
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 9.5, Problem 1QS5
Summary Introduction

To Determine:

Place where more than half of all global currency trading take place.

Introduction:

World’s major financial centers are connected through electronic network, the foreign exchange market. Thereof, to the foreign exchange traders, investment firms and currency trading banks acts as a network by these centers. Volume of daily trading on foreign exchange market amounts more than the yearly gross domestic product of many small nations, amounting around $4 trillion. Foreign exchange market is dominated by several currencies and major trading centers.

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