Foreign Exchange Market Evolution Quiz

The foreign exchange market has evolved from money changing hands in stalls on the streets of Florence and Venice, to trading rooms in London and New York, to handheld computers anywhere in the world today.

The foreign exchange market is based on supply and demand, market information and expectations, and negotiating strength.

Historically, the major financial centers of the 19th and 20th centuries dominated—London and New York. However, now the Far East, represented by Hong Kong, Tokyo, and Singapore, is threatening that dominance.

<p>Global currency trading is a 24-hour-a-day activity, with segments of the 24-hour day being busier than others.</p> Signup and view all the answers

<p>The Chinese renminbi continues to grow in significance in the foreign exchange market.</p> Signup and view all the answers

<p>Florence and Venice</p> Signup and view all the answers

<p>Supply and demand, market information and expectations, and negotiating strength</p> Signup and view all the answers

<p>London and New York</p> Signup and view all the answers

<p>The Far East, represented by Hong Kong, Tokyo, and Singapore</p> Signup and view all the answers

<p>24-hour-a-day activity with certain segments being busier than others</p> Signup and view all the answers