Question

which of the following is not
a major trading centre of foreign exchange​

Answer 1

Answer:

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Explanation:

Forex market trading is truly a global phenomenon as well as the largest financial market in the world with over $4 trillion changing hands on a daily basis. Looking at the Forex Trading Global Turnovermost recent Bank of International Settlements foreign-exchange report, published every three years, we get a clear view of where most of the daily forex trading volume takes place. Many of the usual suspects like the UK and USA are found at the top of the list for the largest fx trading centers

Answer 2

c) London is not a major trading centre of foreign exchange.

Foreign exchange market:

Foreign exchange market is also called as the forex, FX or currency market. It is an over-the-counter (OTC) market for currency trading. It includes buying, selling or exchanging currencies.

London Docklands bombing:

• On February 9, 1996 the Provisional Irish Republican Army (IRA) truck bombed South Quay. Hence this bombing is also known as South Quay Bombing.
• The bombing had destroyed the largest and biggest economic hub in London which is the foreign exchange market. London is the main financial market district of the United Kingdom.
• In November 1992, the second largest foreign exchange market in London, Canary Wharf was also tried to be bombed by the IRA. But the bomb was deactivated by the police with an early warning from the security guards.

Complete Question:

Which of the following is not a major trading centre of foreign exchange?

a)Hong Kong

b)Tokyo

c)London

d)Singapore