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Saturday, June 13, 2009

Definition of Foreign Exchange Market

The foreign exchange market means the framework within which individuals, Firms, Government, and banks buy and sell foreign currencies .
The foreign exchange market consist of a number of banks, brokers, dealers and other monetary authorities engaging in buying and selling of the foreign exchange.
The foreign exchange market for any currency is composed of all the locations or cities where the currency is exchanged for other currencies.

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