QuestionJuly 15, 2025

The market in which people use one currency to purchase another currency is known as __ a. the foreign exchange market b. barter marker c. foreign market d. exchange market

The market in which people use one currency to purchase another currency is known as __ a. the foreign exchange market b. barter marker c. foreign market d. exchange market
The market in which people use one currency to purchase another currency
is known as __
a. the foreign exchange market
b. barter marker
c. foreign market
d. exchange market

Solution
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Answer

a. the foreign exchange market Explanation 1. Identify the correct term The market where currencies are exchanged is commonly known as the foreign exchange market.

Explanation

1. Identify the correct term<br /> The market where currencies are exchanged is commonly known as the foreign exchange market.
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