18. Why do we need currency exchange market?

18. Why do we need currency exchange market? The essence of the foreign exchange market can be considered from an institutional and functional point of view. From an institutional standpoint, the foreign exchange market is a collection of various economic entities that carry out foreign exchange transactions. From a functional point of view, the foreign exchange market is an economic relationship that develops between various participants (entities) in the implementation of transactions for the purchase and sale of foreign currency, international settlements, credit and deposit operations and other financial transactions denominated in foreign currencies.
19. Why do we need insurance market? The insurance market is a system of organizing monetary relations arising in the process of insurance, purchase and sale of insurance services under the influence of supply and demand for them. The insurance market meets the needs of the economy and its subjects in obtaining monetary support in the event of unforeseen adverse events and events. Insurance and the insurance market in a market economy performs the following specific functions expressing the public purpose of this category: risk, warning, savings, investment, social and control. In addition to specific functions, the insurance market performs some general economic functions: pricing, information, regulatory, intermediary and sanitization.
20. Why do we need leasing market? A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. Leasing is used as an alternative to outright purchase in countries where there is a shortage of capital available to purchase high-priced capital and industrial goods.Leasing provides 100% financing. Capital can be conserved and used to finance other projects or activities. Access to Capital: Leasing does not impact existing credit lines – e.g. an existing bank operating line, thereby providing another source of capital.