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Which of the following is not a form of foreign exchange?
O Bank deposits denominated in foreign currency
O None - all of these are a form of foreign exchange
O Foreign bank notes
O Domestic currency
O Checking accounts denominated in foreign currency

Answer :

Answer :

Domestic currency

Explanation:

  • Foreign exchange is the trade of one currency with at of another and the transactions that take place are known as forex markets.
  • As no fixed location, exists for the forex markets an electronic network of banks, brokers, and individual traders.
  • The foreign exchange markets trade over the counter the currencies that includes buying and selling aspects.
ayfat23

Term that cannot be considered as form of foreign exchange is D:Domestic currency.

  • The foreign exchange market can be regarded as the global decentralized market, it can also be referred to as over-the-counter market where trading of currencies is done.

  • Forms of foreign exchange can encompass Bank deposits which us been denominated in foreign currency, Foreign bank notes and other activities.

Therefore, option D is correct.

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