Economy, asked by maryjb8980, 11 months ago

How can changes in foreign exchange rates affect the profitability of financial instituions

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Answered by Anonymous
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Answer:

Explanation:

Changes in foreign exchange rates change the value of assets held by financial institutions and thus lead to gains and losses on these assets. ... Because the Federal Reserve affects interest rates, inflation, and business cycles, all of which have an important impact on the profitability of financial institutions.

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