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Questions and Answers
What is the foreign exchange market?
What is the foreign exchange market?
- A market for trading cryptocurrencies exclusively
- A centralized market for trading all types of commodities
- An over-the-counter market for buying and selling stocks
- A global decentralized market for the trading of currencies (correct)
What does the foreign exchange market determine?
What does the foreign exchange market determine?
- Stock prices
- Commodity prices
- Cryptocurrency market values
- Foreign exchange rates for every currency (correct)
Who are the main participants in the foreign exchange market?
Who are the main participants in the foreign exchange market?
- Individual retail traders
- Cryptocurrency exchanges
- International banks (correct)
- Insurance companies
How does the foreign exchange market work?
How does the foreign exchange market work?
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What are the primary financial institutions involved in foreign exchange trading?
What are the primary financial institutions involved in foreign exchange trading?
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