Description
APA FORMAT_ CITE REFERENCES
The foreign exchange system contains the prices of currencies of other countries. These prices fluctuate based on demand and supply. Individuals buy and sell currency as they would any other commodity. Instead of a product like in other markets of world, the product here is currency, thus the feel of an exchange when it is actually a purchase.
With this in mind, create a 2-3 page response to the following:
- Compare and contrast the Foreign Exchange Market and an international market of your choice.
- Determine an advantage and disadvantage for each.
Your final assignment should be proofread for correct spelling, grammar, and punctuation.
Explanation & Answer
Use this doc kindly. I think there are some issues with the site.
Running head: FOREX VS. THE FASHION INDUSTRY
Foreign Exchange Market vs. the Fashion Industry
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FOREX VS. THE FASHION INDUSTRY
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Foreign Exchange Market vs. the Fashion Industry
Foreign exchange and fashion industry are two significantly different ventures operating
at an international level. Essentially, foreign exchange involves the selling and buying of
currencies while fashion industry deals with clothing (England, 2014). The two businesses
directly relate to and affect people all over the world considering their importance and necessity.
Other than operating internationally, forex and fashion share some similarities standing out from
the numerous differences observed in the two fields.
The two industries relatively depend on diversity for their effective operation. For
instance, forex has to consider various currencies sourced from different countries to make the
trading possible (Coyle, 2013). Precisely, people seek to exchange a certain currency for another.
This brings convenience when one is traveling or making purchases internationally. Similarly,
fashion thrives due to the existing diversity around the world (Manlow, 2007). Fashion designers
always consider the existing cultural diversities while producin...
