Understand what foreign exchange markets and foreign exchange
rates are.
LG 9-2. Identify the world’s largest foreign exchange markets.
LG 9-3. Know what the euro is and how/why it was created.
LG 9-4. Distinguish between a spot foreign exchange transaction and
a forward foreign exchange transaction.
LG 9-5. Calculate return and risk on foreign exchange transactions.
LG 9-6. Describe the role of financial institutions in foreign exchange
transactions.
LG 9-7. Identify the relations among interest rates, inflation, and exchange
rates.
