The buying and selling of foreign currency occurs in the:
A)short-term money market.
B)exchange settlement accounts.
C)foreign exchange market (FOREX).
D)Australian Stock Exchange.
E)currency exchange market (CURREX).

Question

Quizplus · Accepted Answer

The buying and selling of foreign currency occurs in the foreign exchange market (FOREX). This market is specifically designed for trading different currencies across the world. Other options listed, such as the Australian Stock Exchange or currency exchange market, do not specifically focus on foreign currency trading.

The Buying and Selling of Foreign Currency Occurs in The