2. 外语
  3. Foreign exchange is by definition foreign to the holder; otherwise, it would be domestic exchange or in modern practice, local c

Foreign exchange is by definition foreign to the holder; otherwise, it would be domestic exchange or in modern practice, local c

admin2013-12-25  15
问题     Foreign exchange is by definition foreign to the holder; otherwise, it would be domestic exchange or in modern practice, local currency and legal tender. Foreign exchange typically is not legal tender and is therefore not acceptable in exchange for goods and services to whom it is being offered; hence, the desire to exchange it into something closer to home in terms of acceptability. Foreign exchange markets are nearly always markets that convert issues of foreign money for local units. The New York foreign exchange market, for example, is essentially a market for exchange foreign currencies against the US dollar. It is possible in New York to exchange French francs for Swedish kronor, but the normal practice would be to sell French francs for U. S. as a first step and then to sell US dollars and buy Swedish kronor as a second step in order to complete the transaction. Markets in other countries would be similar in structure and mechanical operation.
The reason that foreign exchange markets exist is because people have a strong desire to get foreign currencies to travel round the world, to buy goods produced in other countries.
选项 A、Right
B、Wrong
C、Doesn’t say
答案C
解析 第二句末尾部分the desire to exchange it into something closer to home in terms of acceptability，并没有提及题中的to travel round the world，to buy goods produced in other countries．
转载请注明原文地址:https://kaotiyun.com/show/XHid777K
本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类
0

FECT综合（现代金融业务）

金融英语（FECT）

相关试题推荐
随机试题
最新回复(0)