Concerning the foreign exchange market, which of the following is FALSE?
A) Virtually all foreign exchange trading takes place in London and Zurich.
B) Foreign exchange trading is dominated by the dollar, euro, yen, and pound.
C) Individual households, businesses, governments, and banks buy and sell foreign currencies and other debt instruments.
D) The foreign exchange market has no centralized meeting place and no formal requirements for participation.

Question

Quizplus · Accepted Answer

Virtually all foreign exchange trading does not take place in London and Zurich. While they are important centers for foreign exchange trading, significant trading also takes place in New York, Tokyo, Singapore, and other financial centers around the world.

Concerning the Foreign Exchange Market, Which of the Following Is