GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The largest volume of foreign exchange trading takes place in
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The United Kingdom
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The United States
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Germany
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China
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Explanation:
Detailed explanation-1: -The biggest geographic trading center is the United Kingdom, primarily London. In April 2022, trading in the United Kingdom accounted for 38.1% of the total, making it by far the most important center for foreign exchange trading in the world.
Detailed explanation-2: -London has been the world’s currency hub since the 1980s; its importance growing along with the City’s role in global finance in part because of its location between Asian and US time zones.
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