Asked by Sandra Ospina on Jun 23, 2024
Verified
The foreign exchange market is the world's largest financial market.
Foreign Exchange Market
A global marketplace for exchanging national currencies against each other.
Financial Market
An arena where buyers and sellers participate in the trade of assets such as equities, bonds, currencies, and derivatives.
- Recognize the scope and importance of the foreign exchange market.
Verified Answer
VG
Vicki GanguliJun 28, 2024
Final Answer :
True
Explanation :
The foreign exchange market (Forex, FX, or currency market) is indeed the world's largest financial market, with a daily trading volume exceeding $6 trillion, surpassing the combined volume of all the world's stock markets.
Learning Objectives
- Recognize the scope and importance of the foreign exchange market.
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