contestada

which best explains what happens in the currency exchange market?

A) banks redeem bonds for various types of foreign currency.

B) immigrants exchange their wages for usable money.

C) Money is bought and sold using other types of money.

D) Central banks set the exchange rate for different currencies.

Respuesta :

Answer:Money is bought and sold using other types of money

Explanation:

dubeyshailja64

In the currency exchange market "Money is bought and sold using other types of money."

What is currency exchange market?

The currency exchange market or foreign exchange market refers to the over-the counter market for the exchange or trade of currencies. The foreign exchange rate of the currencies are determined in this market.

The aspects of buying, selling, and trading of securities and the price determination is facilitated by the currency exchange market. The currencies are bought and sold at the prices determined by the market.

Therefore the correct option is C.

Learn more about currency exchange market here:

https://brainly.com/question/883320

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