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

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)

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Expert Solution

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.

Rahul Sunny answered 1 year ago

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