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Which of the following is/are a characteristics of the foreign exchange market that explain why the exchange market is so vital? a. The foreign exchange

Which of the following is/are a characteristics of the foreign exchange market that explain why the exchange market is so vital?

a. The foreign exchange market is the central component of the international capital market

b. the exchange rates it sets help determine the profitability of the international transactions of all types.

c. the exchange rates show valuable economic signals to household and firms involved in international trade and investment

d. none of the above

e. all the above

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