Foreign exchange markets are electronic communication systems connecting the major financial centers of the world.

Question

Quizplus · Accepted Answer

Foreign exchange markets, also known as forex markets, are indeed electronic communication systems connecting financial centers globally. Transactions in forex markets involve the buying and selling of different currencies, and they operate 24 hours a day, five days a week. Examples of major financial centers where forex trading takes place include New York, London, Tokyo, and Hong Kong.

Foreign Exchange Markets Are Electronic Communication Systems Connecting the Major