The greatest amount of foreign exchange trading takes place in the following three cities:

A) New York, London, and Tokyo.

B) New York, Singapore, and Zurich.

C) London, Frankfurt, and Paris.

D) London, Tokyo, and Zurich.

Question

Alonzo Erickson

Business

9 June, 20:04

The greatest amount of foreign exchange trading takes place in the following three cities:

A) New York, London, and Tokyo.

B) New York, Singapore, and Zurich.

C) London, Frankfurt, and Paris.

D) London, Tokyo, and Zurich.

+5

Answers (1)

Know the Answer?

Tyson Mathews · Answer 1

The correct answer is letter "A": New York, London, and Tokyo.

Explanation:

New York City is still considered the world center for foreign exchange (forex) trading only followed by London and Tokyo. The main currencies being traded are the U. S. dollar (USD), Euro (EUR) and the Japanese yen (JPY). Some analysts believe soon the Chinese renminbi (CNY) will take an important place among the previously mentioned three currencies.

The greatest amount of foreign exchange trading takes place in the following three cities:A) New York, London, and Tokyo.B) New York, Singapore, and Zurich.C) London, Frankfurt, and Paris.D) London, Tokyo, and Zurich.

The greatest amount of foreign exchange trading takes place in the following three cities:

A) New York, London, and Tokyo.

B) New York, Singapore, and Zurich.

C) London, Frankfurt, and Paris.

D) London, Tokyo, and Zurich.