which observation is true of the current system of the foreign exchange market?multiple choicecurrencies float freely against others in the current system.most of the currencies can be converted to gold in the current system of foreign exchange.the current system is driven by fixed exchange rates.the current system is a combination of government intervention and speculative activity.

Most of the currencies can be converted to gold in the current system of foreign exchange observation is true of the current system of the foreign exchange market.

Foreign exchange market (also known as the FX market or fx market): institution for exchanging one country's currency for another. Due to the fact that trading between different currencies, such as the euro and the dollar, each represents a market, the exchange markets are actually made up of the many different markets. The spot forex market, the forward forex market, and the futures forex market are the three primary currency markets.

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