The greatest amount of foreign exchange trading takes place in the following three cities:
A) New York, London, and Tokyo.
B) New York, Singapore, and Zurich.
C) London, Frankfurt, and Paris.
D) London, Tokyo, and Zurich.

Question

Quizplus · Accepted Answer

New York, London, and Tokyo are the three largest centers for foreign exchange trading, with New York and London being the most significant. These cities represent the major financial centers in the world and are home to many of the largest banks and financial institutions that trade foreign currencies. Singapore and Zurich are also significant players in the foreign exchange market, but they do not rival the trading volumes of New York, London, and Tokyo. Frankfurt and Paris are major financial centers, but they do not have the same level of foreign exchange trading activity as London.

The Greatest Amount of Foreign Exchange Trading Takes Place in the Following