Concerning the Foreign Exchange Market, Which of the Following Is

Multiple Choice

Concerning the foreign exchange market, which of the following is FALSE?

A) Virtually all foreign exchange trading takes place in London and Zurich.
B) Foreign exchange trading is dominated by the dollar, euro, yen, and pound.
C) Individual households, businesses, governments, and banks buy and sell foreign currencies and other debt instruments.
D) The foreign exchange market has no centralized meeting place and no formal requirements for participation.