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Foreign Exchange Market Overview
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Foreign Exchange Market Overview

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@WealthySavanna

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Questions and Answers

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?

  • Stock prices
  • Commodity prices
  • Cryptocurrency market values
  • Foreign exchange rates for every currency (correct)
  • 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?

    <p>By determining relative value of currencies through market prices</p> Signup and view all the answers

    What are the primary financial institutions involved in foreign exchange trading?

    <p>Banks and dealers</p> Signup and view all the answers

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