The largest trading of foreign exchange occurs in
A) New York.
B) London.
C) Tokyo.
D) Frankfurt.
E) Singapore.

Question

Quizplus · Accepted Answer

London is considered the world's largest forex trading center, with over 43% of global forex transactions taking place there. New York and Tokyo follow closely behind, but neither surpasses London in terms of trading volume. Frankfurt and Singapore are also major forex trading centers, but not as large as London, New York, or Tokyo.

The Largest Trading of Foreign Exchange Occurs in