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icang [17]
3 years ago
15

Why do three currencies represent 80% of the foreign exchange (FX) market trades?

Social Studies
2 answers:
Morgarella [4.7K]3 years ago
7 0

The answer is because these hard currencies represent the largest industrialized economies: dollar, euro and pound.  Currently, the foreign exchange rate for all world currencies is a floating exchange rate, based on market forces of supply and demand.

LekaFEV [45]3 years ago
5 0

Answer:

D) These hard currencies represent the largest industrialized economies.

Explanation:

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