Question

What is the main objective of the foreign exchange market?

a.

To facilitate international trade in goods and services

b.

To determine exchange rates between two countries

c.

To permit transfer of purchasing power between currencies

d.

To regulate global financial transactions

Posted under IC 89 Management Accounting

Answer: (c).To permit transfer of purchasing power between currencies Explanation:The primary goal of the foreign exchange market is to enable the transfer of purchasing power denominated in one currency to another, facilitating trade between countries.

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Q. What is the main objective of the foreign exchange market?
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