Answer ALL questions. (10) (4) 1. Describe FIVE (5) level of integration. 2. Describe TWO (2) purposes of national capit
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Answer ALL questions. (10) (4) 1. Describe FIVE (5) level of integration. 2. Describe TWO (2) purposes of national capit
questions. (10) (4) 1. Describe FIVE (5) level of integration. 2. Describe TWO (2) purposes of national capital markets 3. Describe THREE (3) purposes of the international capital market. 4. Outline THREE (3) capital market components. 5. Investors use the foreign exchange market for FOUR (4) main reasons. Describe ALL. (6) (6) (8) 6. Describe the elements below. i. Direct rate quotes ii. Spot rates iii. Cross rates iv. Forward rates v. Forward contracts (2) (2) (2) (2) 7. Describe THREE (3) other types of currency instruments are used in the forward market. (6)
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