Currencies trade in pairs which means that:
A)an entity buying a target currency will always have to acquire some other currency in addition to the target currency.
B)a currency can be acquired either directly or indirectly by buying a currency and then trading that currency for the target currency.
C)a currency transaction will be more costly than if a single currency could be acquired.
D)the volume of currency markets is exaggerated.

Question

Quizplus · Accepted Answer

In currency trading, a currency pair involves two currencies, where one is bought (the base currency) and the other is sold (the quote currency). This means you can indirectly acquire a target currency by first buying another currency and then trading it for the target currency.

Currencies Trade in Pairs Which Means That