If toranaga-san, who works for a japanese trading company that operates in japanese yen, wanted to purchase spanish castanets from a company in barcelona and needed euros to complete the transaction, he would use the to gain access to spot euros.

a) stock market
b) foreign-exchange market
c) new york stock exchange
d) international export market

(B) foreign-exchange market

Explanation:

The foreign-exchange market is a market where currencies are traded. Thus, for Toranaga-san, a Japanese, to purchase goods from a Spanish company, he needs to  exchange his Japanese Yen for Euros in the foreign exchange market in order to make the purchase.

Option A is incorrect as the stock market is a market where shares which represents ownership stakes in companies are traded. Option C is incorrect as the New York Stock Exchange is a stock market and is not located within the reach of Toranaga-san. Option D is incorrect as the international export market is a market for export items, but currencies (from the foreign exchange market) are still required for exchange in the market.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; organization;