Foreign Exchange Basics - Forex | JAIIB CAIIB Most Important Modules

Foreign Exchange is very important topic for both JAIIB in accounting and finance for banking and CAIIB in BFM: Bank financial Management. JAIIB CAIIB both have forex related topics covered. So it is very important to cover foreign exchange arithmetic concepts. In this video we will cover topics:
What is Direct Quote?
What is Indirect Quote?
What is cross rate or chain rule?
What is spot rate, ready rate, tom rate?
what is forward rate?
What is forward rate transactions?
What is forward rate differential?
What is currency at discount or premium?
Also some questions for more clarity are covered.

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