Which one of the following statements is correct?

Question

Quizplus · Accepted Answer

The foreign exchange market is indeed the largest financial market in the world. A is incorrect because exchange rates can fluctuate throughout the day, not just hold constant until the next morning. B is incorrect because while the U.S. dollar and euro are commonly traded, the franc is not as widely used and the peso refers to many different currencies used in different countries. C is incorrect because not all countries in South America use the same currency, and some do not even use the peso. Finally, D is incorrect because while Australia and New Zealand have strong economic ties, they use different currencies - Australia uses the AUD while New Zealand uses the NZD.

Which One of the Following Statements Is Correct