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What is the primary function of the foreign exchange market?a)To provide credit for foreign trade.b)To conduct spot transactions of foreign exchange.c)To transfer purchasing power between countries.d)To speculate on currency exchange rates.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary function of the foreign exchange market?a)To provide credit for foreign trade.b)To conduct spot transactions of foreign exchange.c)To transfer purchasing power between countries.d)To speculate on currency exchange rates.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary function of the foreign exchange market?a)To provide credit for foreign trade.b)To conduct spot transactions of foreign exchange.c)To transfer purchasing power between countries.d)To speculate on currency exchange rates.Correct answer is option 'C'. Can you explain this answer?.

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