Which of the following statements are correct concerning the foreign exchange market?
I. The trading floor of the foreign exchange market is located in London,England.
II. The foreign exchange market is the world's largest financial market.
III. The four primary currencies that are traded in the foreign exchange market are the U.S. dollar,the British pound,the Canadian dollar,and the euro.
IV. Importers and exporters are key players in the foreign exchange market.

Question

Quizplus · Accepted Answer

The foreign exchange market is indeed the world's largest financial market (II), and importers and exporters are key players in it (IV). The market is decentralized and not confined to a single trading floor, and the primary currencies include the U.S. dollar, euro, Japanese yen, and British pound, not the Canadian dollar.

Which of the Following Statements Are Correct Concerning the Foreign