ECONOMICS
FOREIGN CURRENCY MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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seven major currencies.
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seven major countries.
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seven major economic centers.
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None of the above
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Detailed explanation-1: -The major currency pairs on the forex market are the EUR/USD, USD/JPY, GBP/USD, and USD/CHF. The four major currency pairs are some of the most actively traded pairs in the world, along with the so-called commodity currency pairs: USD/CAD, AUD/USD, and NZD/USD.
Detailed explanation-2: -Forex (128 currency pairs) price list and quotes.
Detailed explanation-3: -The major currencies and their designation in the foreign exchange market are the US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), and the Swiss franc (CHF).
Detailed explanation-4: -The euro and US dollar: EUR/USD. The US dollar and Japanese yen: USD/JPY. The British pound sterling and US dollar: GBP/USD. The US dollar and Swiss franc: USD/CHF. The Australian dollar and US dollar: AUD/USD. The US dollar and Canadian dollar: USD/CAD. The New Zealand dollar and US dollar: NZD/USD.