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. In fact, the foreign exchange market is a global market, and trading can take place in any location where there is access to technology and communication infrastructure. While London and Zurich are major centers for foreign exchange trading, significant amounts of trading occur in other financial centers as well, including New York, Tokyo, and Hong Kong.

Concerning the Foreign Exchange Market,which of the Following Is False