A market in which national currencies are traded by households, firms and governments, is referred to as a(n)

Question

Quizplus · Accepted Answer

The foreign exchange market is where currencies are traded globally by households, firms and governments. It is also referred to as the forex market or FX market. The other options, such as the fed funds market, international reserves market or gold certificate market, do not involve the trading of national currencies.

A Market in Which National Currencies Are Traded by Households