A mechanism by which buyers and sellers of the currencies of the various countries negotiate an exchange is a

Question

Quizplus · Accepted Answer

The foreign exchange market is specifically designed for the buying and selling of currencies from different countries. This market allows individuals, companies, and governments to convert one currency to another and determine the exchange rate for a particular transaction. The other options (foreign bank, foreign stock market, and foreign currency reserve) may also be involved in foreign currency transactions, but they do not specifically serve as a mechanism for negotiating exchange rates between buyers and sellers.

A Mechanism by Which Buyers and Sellers of the Currencies