The investment manager at solar electric inc. tells the board that the foreign exchange market is a mixed system. The investment manager wants the board to acknowledge that rates are driven by a combination of government intervention and speculative movement. The foreign exchange market is a globally decentralized or over-the-counter (OTC) market to trade currencies. This market specifies the foreign exchange rates for individual currencies. It covers all aspects of buying, selling, and exchanging currencies at present or fixed prices. It is by far the largest market in the world in terms of trading volume, followed by the credit market.
Contrary to the stock market, the foreign exchange market is classified into levels of access. At the top is the interbank foreign exchange market, which is created up of the biggest commercial banks and securities brokers. Within the interbank market, the spread, which is the difference between the bid and asks prices, is razor sharp and unknown to players outside the inner circle.
Learn more about the foreign exchange market:
https://brainly.com/question/22999015
#SPJ4
