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Identify the reasonsfor U.S. banks to operate in foreign countries and for foreignbanks to operate inthe United States.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter22: International Financial Management

Section: Chapter Questions

Problem 5QTD

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Concept explainers

Currency Market

The currency market, also known as the foreign exchange market, consists of currencies worldwide. This market determines the rate of all currencies based on the buying and selling of forex. It is an over-the-counter market. It is the largest and most liquid market based on trade volume.

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Identify the reasons
for U.S. banks to operate in foreign countries and for foreign
banks to operate in
the United States.

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