Question:
The _____ is the currency that dominates the foreign exchange market.
A) Japanese yen
See Also
Top 10 Highest Currencies in the World - Exchange Value in INRHow Do You Start Forex Trading? A Beginner’s GuideForeign Exchange Rate: Definition, Types, AdvantagesForex Folk: Who Trades Currencies and WhyB) British pound
C) U.S. dollar
D) Australian dollar
Foreign Exchange:
Foreign exchange refers to the trading of currencies such that a person sells units of one currency to purchase the units of another currency. To facilitate these transactions, there are exchange rates that determine the price of one currency in terms of another currency. Foreign exchange transactions are conducted in the foreign exchange market.
Answer and Explanation:
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- C) U.S. dollar
The U.S. dollar is the currency that dominates the foreign exchange market.
The foreign exchange market refers to a platform where...
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