Which of the following statement is true?

A. (FEM) is the market where the participants can buy, sell, and exchange and currency speculation

B. Foreign exchange markets consist of central banks, companies, banks, brokers investors, investment management companies, hedge funds in retail fore

C. It facilitates exchange of one currency for another. Larger commercial banks serve this market by keeping stocks of each currency so that people, groups or even MNCs can satisfy their requests

D. All of the above

Answer: Option D