Assignment 1: Discussion—The Foreign Exchange MarketThe foreign exchange market has two tiers: the interbank market and the client market. Explain how each market functions, how they differ, and the interrelationship of the two markets. Present one practical example for each case. Select any country and explain how the interbank market or the client market functions in that country.Answer these questions in a short essay, 3–4 paragraphs in length, and post the essay in the Discussion Area by the due date assigned. After you have posted your essay, read all of the essays by the other members of the class and comment on at least two other essays. Post your comments on other students’ essays through the end of the module.By the due date assigned, post your initial discussion response in the Discussion Area. Through the end of the module, read all of the other students’ essays, and post comments in the Discussion Area on at least two other responsesGrading CriteriaMaximum PointsQuality of initial posting, including fulfillment of assignment instructions16Quality of responses to classmates12Frequency of responses to classmates4Reference to supporting readings and other materials4Language and grammar4Total:40