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5 Cards in this Set
- Front
- Back
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Types of quotes (4)
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Wholesale/Interbank:
American terms- $/FC European terms- FC/$ Retail/Public: Direct quote - HC/FC Indirect quote - FC/HC |
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Participants in forex mkt (2)
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Brokers - match buyers and sellers, exist to minimize transaction costs
Dealers - Buy and sell, operate in interbank mkt, profit = bid - ask spread Speculator - buy and hold, profit over time Arbritrageur - profit over geography |
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Current Account components (3)
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Goods, Services, UL transfers
Credit: Exports, Interest/div/tourism to Canadians, foreign aid/pensions/remittence received Debit: Imports, Interest/div/tourism to foreigners, foreign aid/pensions/remittence to foreigners |
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Capital Account components (3)
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FDI, ST securities, LT securities
Credit: FDI in Canada, LT/ST securities purchased by foreigners Debit: FDI by Canadians abroad, LT/ST securities purchased abroad |
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Official Reserves
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IN TERMS OF FOREIGN CURRENCIES
Credit: foreign currencies lost Debit: foreign currencies gained |
