Ask Question
Social StudiesSocial Studies
29 September, 01:25

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

+3
Answers (2)
  1. 29 September, 03:44
    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.
  2. 29 September, 04:02
    0
    D) These hard currencies represent the largest industrialized economies.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why do three currencies represent 80% of the foreign exchange (FX) market trades? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is a reasonable explanation for the ease with which some state constitutions can be amended? a. People are fickle and change their minds often. b.
Answers (1)
It been said," water is more valuable than gold", what do you think this statement means
Answers (1)
How can censorship negatively affect economic activity?
Answers (2)
This only forms when the senate and house of representatives pass different versions of the same bill; members of both houses meet to work out the differences.
Answers (1)
Globalization leads to more trade between A) consumers. B) businesses. C) factories. D) countries.
Answers (1)
New Questions in Social Studies
Which of the following does NOT characterize the Baroque era? A. An age of reason b. An age of freedom and democracy c. An era of absolute monarchy d. An era of change, adventure, and exploration
Answers (1)
How did new technologies increase the number of casualties compared with previous wars
Answers (1)
In one famous experiment, a group of men were asked by an attractive woman to complete a short questionnaire immediately after they had crossed a swaying footbridge suspended 230 feet above the capilano river.
Answers (1)
What are requirements for filing bankruptcy A. Stable income is available to pay off payment plan
Answers (1)
in 1-3 sentences, describe the location of China relative to 4 different locations or geographic features
Answers (1)
Home » Social Studies » Why do three currencies represent 80% of the foreign exchange (FX) market trades?
Sign Up Forgot Password?