ACCT 001 Chapter Notes - Chapter 4: Transact, Open Outcry, Swiss German
23 Dec 2020
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Level of business activity (recession or boom) Depends on the country"s economic, political, and social environment. Non-dollar denominated investment"s value depends on what happens to exchange rate. Changes in relative inflation will lead to changes in exchange rates. An increase in country risk will also cause that country"s currency to fall. Savings & loans, mutual savings banks, and credit unions. A market is a method of exchanging one asset (usually cash) for another asset. Key factor: issuer receives the proceeds from the sale. Issuing firm doesn"t receive proceeds and is not directly involved. By the way that orders from buyers and sellers are matched. Physical location exchanges: e. g. , nyse, amex, cbot, tokyo stock exchange. Computer/telephone: e. g. , nasdaq, government bond markets, foreign exchange markets. Instructions on how a transaction is to be completed. Market order transact as quickly as possible at current price. Limit order transact only if specific situation occurs.
