Although a foreign exchange transaction can involve any two currencies,most transactions involve

Name: Although a foreign exchange transaction can involve any two currencies,most transactions involve
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Question

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The U.S. dollar is the most widely traded currency in the world, and many foreign exchange transactions involve trading U.S. dollars for another currency. As such, option C is the best choice. Options A, B, D, and E are less likely as they are not as commonly traded as the U.S. dollar.

Although a Foreign Exchange Transaction Can Involve Any Two Currencies,most