Humber College ECON-206: Currency Trading Report and Its Global Role

This research report, prepared for ECON-206, argues that currency trading plays a positive role in the global economy. The report defines currency trading and its significance in the foreign exchange market, emphasizing its importance for international transactions. The author supports the argument by highlighting three key functions: the transfer function, facilitating the exchange of funds; the credit function, providing short-term credit for importers; and the hedging function, mitigating risks associated with currency fluctuations. The report uses examples to illustrate how currency trading streamlines payments, supports international trade, and offers protection against market volatility, ultimately concluding that currency trading is vital for economic growth. It cites various sources using the APA style.