A market in which money of one nation can be used to purchase the money of other nation is called____________________?
Correct answer: A. Foreign exchange market
- A. Foreign exchange market
- B. International market
- C. Money market
- D. All of these
Explanation
The foreign exchange market is where the currency of one country is exchanged for the currency of another. A money market mainly deals in short-term borrowing and lending within the financial system.
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