What does it mean to describe the foreign exchange market as an over-the-counter market?
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What does it mean to describe the foreign exchange market as an “over-the-counter market”?
Foreign Exchange MarketThe foreign exchange market (also known as forex, FX or the currency market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants are able to buy, sell, exchange and...
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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