Which of the following best describes the foreign exchange market? It is a market where one country's
A) exports are traded for another country's imports
B) currency is traded for that of another
C) goods are traded for another country's services
D) imports are traded for another country's exports
E) services are traded for another country's goods

Question

Quizplus · Accepted Answer

The foreign exchange market is a market where currencies of different countries are traded for each other. It is also known as the forex market. Option A, C, D, and E involve the exchange of goods and services between countries, but do not specifically refer to currencies.

Which of the Following Best Describes the Foreign Exchange Market