Question

When did the modern foreign exchange market start to develop significantly?

a.

1950s

b.

1960s

c.

1970s

d.

1980s

Answer: (c).1970s Explanation:The modern foreign exchange market started during the 1970s when countries gradually switched to floating exchange rates from the earlier fixed exchange rate regime as per the Bretton Woods system.

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Q. When did the modern foreign exchange market start to develop significantly?

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