The ..... market, often referred to as the Forex or FX market, is considered to be the largest and most liquid market in the world. With an average daily trading volume of approximately $5 trillion, the currency market dwarves other, more traditional means of investment such as the stock market.

FOREIGN CURRENCY MARKETS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The ____ market, often referred to as the Forex or FX market, is considered to be the largest and most liquid market in the world. With an average daily trading volume of approximately $5 trillion, the currency market dwarves other, more traditional means of investment such as the stock market.

A	Online Shopping
B	Crypto Currency
C	Digital Selling
D	Foreign Exchange Trading

Explanation:

Detailed explanation-1: -What Is the Foreign Exchange Market? The foreign exchange market (also known as forex, FX, or the currencies market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world.

Detailed explanation-2: -The foreign exchange or forex market is the largest financial market in the world – larger even than the stock market, with a daily volume of $6.6 trillion, according to the 2019 Triennial Central Bank Survey of FX and OTC derivatives markets.

Detailed explanation-3: -The foreign exchange market or forex market is the market where currencies are traded. The forex market is the world’s largest financial market where trillions are traded daily. It is the most liquid among all the markets in the financial world.

Detailed explanation-4: -The Forex market is the largest financial one in the world and sees a daily turnover of dollars in the trillions!

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

FOREIGN CURRENCY MARKETS