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Which one of the following is the most accurate statement about the global foreign exchange...

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Finance

Which one of the following is the most accurate statement about the global foreign exchange markets?

They are the markets where money denominated in one currency is bought and sold with money denominated in another currency

They are extremely volatile and therefore subject to many government regulations to protect arbitragers.

They act as the primary engine for economic growth in countries with freely-floating exchange rates.

They are the largest and most volatile financial markets but exist only in the developed economies.

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