A currency used as an intermediary to convert funds between two other currencies in the foreign exchange market is called a ________.

Question

Quizplus · Accepted Answer

A vehicle currency is a currency that is used as an intermediary to convert funds between two other currencies in the foreign exchange market. It is also known as a transaction currency. Local currency refers to the currency of the country where the transaction is taking place. Community currency refers to a currency that is used within a specific community or group, while private currency refers to a currency that is issued by a private entity rather than a government or central bank.

A Currency Used as an Intermediary to Convert Funds Between