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Question
what is a global network of international banks and currency traders that trade different countries currencies called?
a. foreign exchange contract
b. foreign exchange market
c. spot market
d. world bank
A foreign - exchange market is a global network where international banks and currency traders trade different countries' currencies. A foreign exchange contract is an agreement for currency exchange, a spot market is for immediate settlement of trades, and the World Bank is an international financial institution focused on development loans and aid, not currency trading.
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B. foreign exchange market