currency transactions are channeled through the worldwide ________ market which accounts for _______ of foreign exchange transactions.

Question

Quizplus · Accepted Answer

Interbank market accounts for the majority of foreign exchange transactions, estimated to be around 95%. Stock market and internet market are not generally used for currency transactions, and 30% is a significantly lower estimate than the actual proportion of transactions taking place in the interbank market.

Currency Transactions Are Channeled Through the Worldwide ________ Market Which