Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In reference to the foreign exchange market, what is meant by the clich the market never sleeps. Question 7 options: foreign exchange rates are very
In reference to the foreign exchange market, what is meant by the clich "the market never sleeps." Question 7 options: foreign exchange rates are very sensitive to economic indicators (i.e. interest rate fluctuations, employment rates, etc.) and continually incorporate all relevant information into exchange rates market tickers around the world are continually being updated by around the clock computer systems currency traders are known to work long hours, and often work 24-hour shifts at their respective exchanges there is no time during every 24-hour period that a foreign exchange market is not open at some location in the world
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started