Which one of these statements is true?

Question

Quizplus · Accepted Answer

Importers and exporters are key players in the foreign exchange market as they need to convert currencies to conduct international trade. Option A is false as exchange markets involve currencies of all countries. Option C is also incorrect as foreign exchange trading happens all over the world and there is no centralized location. Option D is false as foreign exchange rates are determined by market demand and supply forces. Option E is also false as the foreign exchange market is the world's largest financial market.

Which One of These Statements Is True