Economics · International Finance
Which of the following statements is NOT true about the Foreign Exchange Market?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a network system in which national and international currencies are traded.
- 2It operates primarily as an over-the-counter (OTC) market.
- 3The foreign exchange market functions 24 hours a day as different global financial centers open and close.
- 4Foreign exchange markets are traditional physical marketplace locations.✓
Correct answer
Foreign exchange markets are traditional physical marketplace locations.
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