Question

What is globalization? Explain three forms of exchange rates

Answer 1

Gobalisation is the increasing interdependence of the globe’s cultures, economies, & populaces, that has been brought about through cross-border trade in technology, services/goods, & flows of investments, information & people.

Explanation:

The 3 key types of exchange rate systems are the fixed rate, the float, & the pegged float.

1. Floating Exchange Rate: A currency structure in which currency prices can fluctuate freely, due to market factors in relation to others.
2. Fixed Exchange Rate: A monetary structure in which the money value is correlated with the value of a particular single currency, another value indicator like gold or the other currency array.
3. Pegged Float Exchange Rate: It is a system of currency that sets an exchange rate at a certain value, but also enables fluctuations, normally within certain values.

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Answer 2

Globalisation is diffusion of ideas and changes rate are currency rates.

Explanation:

• Globalization is the process of interaction of ideas, people, economies, and government worldwide. Globalization is also regarded as the growth of trade and is associated with the social and cultural aspects.  

• Globalization involves resources such as capital and technology. Globalization is centered around international trade and regulation of taxes and tariffs.

• The foreign exchange rate is the exchange rate of country currency that tends to fluctuate in the market and values of which is specified by the specific goods. The forms of exchange rate are fixed-rate, forward rate, and spot rate.

• The fixed exchange rate is pegged or linked to another currency or assert such as gold and thus derived to values. The forward rate is the one that is determined by the stipulated contact. The rate quotes at a premium or discount to the sort rate.

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