Economy, asked by archita25032004, 2 days ago

what are the function of foreign exchange rate?

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Answered by xxflirtykingxx59

2

Answer:

Hope it helps u.. Refers the attachment

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Answered by ashauthiras

0

Answer:

The following are the important functions of a foreign exchange market:

To transfer finance, purchasing power from one nation to another.
To provide credit for international trade.
To make provision for hedging facilities, i.e., to facilitate buying and selling spot or forward foreign exchange.

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