The market in which currencies are bought and sold and their prices determined is called the ________.

Question

Quizplus · Accepted Answer

The foreign exchange market is the market in which currencies are bought and sold and their prices determined. The Eurocurrency market refers to loans made in currencies other than the currency of the country where the bank is located. The international capital market refers to the global financial market for capital funds available for investment in various financial instruments. The international bond market refers to the market for bonds issued by companies or governments outside of the investor's country. None of these options fit the definition of the market for currency exchange.

The Market in Which Currencies Are Bought and Sold and Their