Series 34 Practice Questions - Retail Off-Exchange Forex Examination Exam

Which description best fits the retail off-exchange forex market?

A centralized exchange with a single clearinghouse for all trades A decentralized over-the-counter market of dealers and liquidity providers A market that only settles through physical banknote delivery A government-run auction market for all currency trading

Correct Answer:

A decentralized over-the-counter market of dealers and liquidity providers

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