Question

Please explain the financial system and management of foreign exchange in the United States.

(Please do not just copy and paste an answer from the internet, as I can easily do that myself. Looking more for a to-the-point easy to understand overall explanation)

Answer 1

FINANCIAL SYSTEM IN THE UNITED STATES:

. The financial system in the United States is a major part of financial transactions one routed through the capital market. . Financial system of U. S covers financial transaction and the exchange of money between investors, lenders and borrowers.

. It is consists of many separate markets for diverse product as offered on a range of trading platforms and exchange.

MANAGEMENT OF FOREIGN EXCHANGE IN THE UNITED STATES:

. Foreign exchange refers the currency of one country is bought and sold in terms of the currency of another country.

. The foreign exchange involved in sale and purchase of foreign currencies.

. Most major countries have foreign exchange market centres. London, New York, Paris, Tokyo, Zurich, Frankfurt, Singapore and some famous foreign exchange market centres for the U.S dollars.

. Foreign exchange is essential to co-ordinate world business. It is associated with currency transactions designed to meet and recieve overseas payments.