If the u.s government establishes a set value of exchange for the dollar and the british pound, where does all buying and selling of pounds and dollars take place?

The forex marketplace is an (OTC) marketplace that determines over-the-counter change charges for worldwide currencies. it's far, over-the-counter some distance, over-the-counter most important financial marketplace over the counter-world and is created from a worldwide community of monetary centers that transact 24 hours an afternoon, last most effective at the weekends.

Institution for over-the-counter exchange of one USA's foreign money with that of over-the-counter u. s . a .. foreign exchange markets are really made up of many distinctive markets, due to moreover the counter over the counter alternate between man or woman currencies—say, over the counter euro and over the counter U.S. dollar—every constitutes a market.

Over-the-country's truly no critical vicinity for over-the-counter forex market - it is an allotted electronic marketplace with nodes in monetary corporations, valuable banks, and brokerage houses. 24/7 forex trading can be segmented into nearby market hours primarily based on peak trading instances in NY, London, Sydney, and Tokyo.

The foreign exchange marketplace or forex market is over a counter marketplace wherein currencies are traded. The foreign exchange market is over-the-counter's largest economic market wherein trillions are traded every day. it is the over-the-counter maximum liquid among over-the-counter markets within the counter financial world.

Learn more about the foreign exchange marketplace here: https://brainly.com/question/12442391

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