Foreign currencies are bought and sold in the foreign exchange market.

Question

Quizplus · Accepted Answer

This is true. The foreign exchange market is a global decentralized market for the trading of currencies. It is the largest and most liquid market in the world, with an average daily trading volume of $5 trillion. Trading in the forex market is done through currency pairs, where one currency is bought or sold against another currency based on their exchange rate.

Foreign Currencies Are Bought and Sold in the Foreign Exchange