The market where one currency is converted into another currency is called the ________ market.

Question

Quizplus · Accepted Answer

The foreign exchange market is where one currency is exchanged for another currency. This market is also known as the forex market. A is incorrect because the stock market is where stocks or shares of companies are bought and sold. B is incorrect because the bond market is where bonds or debt securities are bought and sold. C is incorrect because the derivatives market is where financial instruments such as options, futures, and swaps are traded.

The Market Where One Currency Is Converted into Another Currency