The major players in the foreign exchange market are

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The major players in the foreign exchange market are.

A. commercial banks

B. corporates

C. exchange brokers

D. central bank of the country and the Central Government

Answer: Option C

Solution (By Examveda Team)

The major players in the foreign exchange market are exchange brokers. A foreign exchange broker (also known as an FX broker or a forex broker) buys and sells currencies on behalf of clients while charging a commission for the service.

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