Encompassed in the currency market are the Foreign Currency and the Euro-Currency.

Encompassed in the currency market are the Foreign Currency and the Euro-Currency.

Encompassed in the currency market are the Foreign Currency and the Euro-Currency.
However, Foreign Currency Markets are virtual in the sense that it lacks a single central physical
location. Consequently, Foreign Currency Markets exist in dealing rooms of several central
banks, international banks, and large corporations. Additionally, computers and telephones link
these dealing rooms. On the other hand, the Euro-Currency Market enables borrowing and

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