Question $10$

$2$ pts

How would you best define the foreign exchange market? Select one $-$ the most appropriate answer

Organized exchange market where exchange rates are set.

Interbank market where currencies are traded and exchanged for other currencies.

Institutionally organized system of linkages between central banks of different countries regarding selling and purchasing the currencies they issue.

Market where monetary units of different countries are traded on organized exchanges.

Organized system of linkages between banks and their clients that promote currencies quotations.