Forward markets for currencies of developing countries are:

Question

Quizplus · Accepted Answer

Markets for currencies of developing countries are generally less liquid than markets for developed countries. This is due to factors such as lower levels of economic development, political instability, and lower trading volumes. As a result, forward markets for currencies of developing countries may also be less liquid. However, forward markets for currencies of developing countries are not prohibited and are available for use by private sector entities as well as government agencies.

Forward Markets for Currencies of Developing Countries Are