FOREIGN EXCHANGE MARKET Foreign Exchange – Any currency‚ other than the local currency‚ which is used in settling international transactions. Foreign Exchange Rate - the price for which one currency is exchanged for another Foreign Exchange Market - are the institutions or systems involved with changing one currency into another. * Exchange rates are determined on the basis of supply and demand in the foreign exchange market * Foreign currency dealers provide two quotes: Bid Price:
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This unit is about making and receiving telephone calls and transferring calls‚ when necessary‚ in a business environment. 1- Understand how to make telephone calls. 1.1 Describe the different features of telephone systems and how to use them. Telephone systems have many different features this allows us to handle and manage calls in a professional manner. · Call holding- places a caller on hold so you can perform another task. This could be to locate paperwork‚ find
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The organisational procedures when making and receiving telephone calls can vary from business to business‚ but there are some similarities. There is usually a general guidance and training for staff and especially for the reception staff. Many customer service jobs involve contacting customers by telephone. Making an effective telephone call involves some very specific actions and should not be seen as a casual activity. By making a call to a customer you have the opportunity to prepare and are
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CHAPTER TWO LITERATURE REVIEW 2. I History of the Formation and Operations of the Ghana Stock Exchange The financial crises that the Ghanaian economy experienced by extending the banking sector in the early 1980’s made policymakers and the private sector to look for complementary sources of long-term capital so as to reduce the dominance that existed in the banking system. The government of Ghana in collaboration with the World
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given situation. Leader-Member Exchange (LMX) In 1993‚ Dansereau‚ Cashman and Graen proposed the Vertical Dyad Linkage (VDL) model as the new approach to the study of leadership. The theory has later been renamed to Leader Member Exchange (LMX) by Graen‚ Novak and Sommerkamp‚ 1982). The theory remains the same where it describes how leaders in groups maintain their position through a series of tacit exchange agreements with their members. Team-Member Exchange (TMX) As a way to measure reciprocity
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Exchange Rate December 2014 THE EXCHANGE RATE KEY DEFINITIONS AND CONCEPTS 1. How is the exchange rate defined? The exchange rate is the price of a unit of foreign currency in terms of the domestic currency. In the Philippines‚ for instance‚ the exchange rate is conventionally expressed as the value of one US dollar in peso equivalent. For example‚ US$1 = P44.00. In every exchange rate quotation‚ therefore‚ there are always two currencies involved. 2. Why is the exchange rate important? The exchange
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Issue one: Foreign exchange risk and economic implication In the context of international trade and integration‚ multinational companies have a lot of opportunities to expand and make profits but they are also likely to face new challenges. One of the most risks such firms need to be recognized is foreign exchange exposure which is directly related to foreign exchange rate. 1.1. Possible foreign exchange risk In order to have a comprehensive view regarding foreign exchange risk‚ this part will
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FOREIGN EXCHANGE CONTROL Foreign Exchange Control refers to the control of international monetary and economic transactions involving foreign exchange either by government directly or a centralized agency like central bank. These are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Common foreign exchange controls include: Banning the use of foreign currency within the country
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stable foreign exchange rate. [8] For a knowledge and understanding of the influence of supply and demand in setting the foreign exchange rate. Up to 4 marks For application showing how a government can maintain a foreign exchange rate through intervention in the foreign exchange market. Up to 4 marks (6 marks maximum if no diagram provided A fixed exchange rate‚ sometimes called a pegged exchange rate‚ is also referred to as the Tag of particular Rate‚ which is a type of exchange rate regime
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Foreign Exchange risk management has always been an area look up by people from varied fields‚ weather literary or profession related matter. For the purpose of this paper I gone through few literary works to understand the whole concept and formulate my paper‚ a distinct one. Collier and Davis (1985) in their study about the organization and practice of currency risk management by U.K. multi-national companies. The findings revealed that there is a degree of centralized control of group currency
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