Stage 2　Listening Comprehension

Stage 2　Listening Comprehension

Now,you will listen to the lecture on Foreign Exchange Market.As you listen,find answers to the following questions:

1.What does foreign exchange mean?

2.What are the basic types of exchange rate described in the lecture?

3.What is direct quote?What is indirect quote?

4.Why does a government intend to hold low the international value of its own currency?

5.What is unique about the foreign exchange market?

6.In how many countries is foreign exchange trading concentrated?