The market in which households, firms and governments buy and sell national currencies is known as

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The foreign exchange market is specifically for the trading of national currencies among households, firms, and governments. Standard drawing rights are a type of international reserve asset, but not a market for buying and selling currencies. The exchange rate is the value of one currency compared to another, but it is not a market itself. Flexible exchange rates are a type of exchange rate system, but again not a market for buying and selling currencies.

The Market in Which Households, Firms and Governments Buy and Sell