Which of the following is NOT true regarding the market for foreign exchange?
A) The market provides the physical and institutional structure through which the money of one country is exchanged for another.
B) The rate of exchange is determined in the market.
C) Foreign exchange transactions are physically completed in the foreign exchange market.
D) All of the above are true.
Answer: D
Business
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A) 0.72 B) 1.20 C) 1.92 D) None of the above
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What will be an ideal response?
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