Select all of the following that are true regarding the fx markets:

Translaton by using the fx spot market allows multi$-$national firms to report global operations in a single currency.

FX markets must be used by domestic firms to translate foreign currency into domestic currency for use in the domestic country.

The fx markets increase the fungibility of money internationally.

Foreign sourced profits are reported in the domestic currency $($DC domiciled firm$)$ at the their spot fx value.

Changes in fx markets $($relative prices$)$ alter the reported profit of multi$-$national companies $($MNCs$).$