Which of the following is not a form of foreign exchange?
A) Foreign bank notes
B) Bank deposits denominated in foreign currency
C) Domestic currency
D) Checking accounts denominated in foreign currency
E) None - all of these are a form of foreign exchange

Question

Quizplus · Accepted Answer

Domestic currency is not a form of foreign exchange, as it is the currency of the country in which the exchange is taking place. The other options all involve foreign currency or foreign currency-denominated accounts.

Which of the Following Is Not a Form of Foreign