Transport services. Tourism and transport are of the greatest importance in world trade in services. The world’s largest merchant fleet belongs to Japan, followed by the UK, Germany and Norway. The market for freight and passenger transport services is dominated by the United States, followed by the United Kingdom and France. An important place in […]
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Money market. Classical and Keynesian Theory of Demand for Money
The money market is a market in which a special commodity – money – is sold and bought. Its main elements are the demand for money, the supply of money, the price of money (interest rate). The role of money is performed not only by cash, but also by demand deposits, term deposits, etc. Therefore, […]
Objects of the foreign exchange market (FOREX)
Currency market objects are currency transactions and foreign exchange values. Currency transactions are a type of activity of the state, enterprises, organizations, banking and other financial and credit institutions for the sale, settlement and provision of foreign currency in a loan. Currency transactions are carried out in foreign exchange markets. In accordance with the division […]