Question

What is the main objective of the Foreign Exchange Market (FEM)?

a.

To promote global trade

b.

To facilitate the exchange of goods and services

c.

To permit the transfer of purchasing power between currencies

d.

To regulate international financial transactions

Answer: (c).To permit the transfer of purchasing power between currencies Explanation:The main objective of the Foreign Exchange Market (FEM) is to permit the transfer of purchasing power denominated in one currency to another and thus to trade one currency for another.

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Q. What is the main objective of the Foreign Exchange Market (FEM)?

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