Market in which currencies buy and sell and their prices settle on is called the

A. Eurocurrency market

B. international capital market

C. international bond market

D. foreign exchange market

Answer: Option D

Solution(By Examveda Team)

Market in which currencies buy and sell and their prices settle on is called the foreign exchange market. The 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 speculate on currencies.