Question

The average daily foreign exchange trading by banks around the world is closest to $________.

a. 1.5 trillion

b. 1 trillion

c. 600 billion

d. 700 billion

e. 1.3 trillion

Answer 1

1.3 trillion.

Hope this helped;)

Answer 2

Answer:

a. $1.5 trillion

Explanation:

Foreign exchange, Forex market, is the most liquid market which involves the conversion of money from one currency to another. It is the most actively traded in the world because trading can be done any time of the day. On the average over $1.5 trillion volume of currency is involved.