Most foreign exchange transactions are conducted:
A) by governments.
B) by tourists.
C) in the FX over-the-counter markets.
D) on the Australian Securities Exchange.

Question

Quizplus · Accepted Answer

According to the Bank for International Settlements, the majority of foreign exchange transactions are conducted through the over-the-counter (OTC) markets, where banks, financial institutions, and individuals can trade currencies. While governments and tourists may also participate in the FX market, they represent a smaller portion of overall transactions. The Australian Securities Exchange (ASX) primarily trades securities and derivatives, not currencies, so option D can be ruled out.

Most Foreign Exchange Transactions Are Conducted