The foreign exchange market is where:
A) exports and imports are traded.
B) exports and imports are interchanged for gold bullion.
C) different currencies are bought and sold.
D) companies organise their foreign long-term financing.

Question

Quizplus · Accepted Answer

The foreign exchange market is where different currencies are bought and sold. It is the market where individuals, companies, and governments trade currencies with each other, with the aim of making profits or hedging against currency risks. The market is open 24 hours a day, five days a week, and is the largest financial market in the world.

The Foreign Exchange Market Is Where