The foreign exchange market is
A) open for only 12 hours in a day.
B) the market never sleeps.
C) open for most of the day, but closes for three hours each day-between 2:00 a.m. and 5:00 a.m. Greenwich Mean Time.
D) open during normal business hours (9:00 a.m. to 5:00 p.m., local time) in each of the primary locations from which it operates: Tokyo, London, and New York.

Question

Quizplus · Accepted Answer

A key feature of the foreign exchange market is that the market never sleeps. Tokyo, London, and New York are all shut for only three hours out of every 24.

The Foreign Exchange Market Is