Bloomberg 2: Currencies Exam Questions and Answers 100% Solved

Bloomberg 2: Currencies Exam Questions and Answers 100% Solved Bretton Woods Agreement ️️Sealed by the Second World War allies in NH in the US, when they agreed to lock their currencies to the US dollar. The US dollar was in turn convertible into gold at a price of $35 per ounce, with gold available on demand from Fort Knox In the wake of the Vietnam War, the US economy stagnated and this attempt to lock currencies ended when Nixon unilaterally announced in 1971 to end the convertibility of the dollar to gold Who trades currencies ️️Financial Investors Corporations Travelers FX reserves ️️A huge stack of cash with which to manipulate the supply of and demand for a currency and therefore manipulate its value Black Wednesday ️️ERM crisis under Major in 1992 where Britain could not keep up with the strict fixed rate of exchange and on the 16th September were forced to leave the ERM - later called White Wednesday as it freed up Britain's economy Triangular Arbitrage ️️currency transactions are conducted in the spot market to capitalize on a discrepancy in the cross exchange rate between two currencies