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The euro (sign: €; code: EUR) is the official currency of 19 of 28 member states of the European Union, as well as some of the territories of the EU This group of states is known as the eurozone or euro area It is the second largest and second most traded currency in the foreign exchange market after the United States dollar The euro is subdivided into 100 cents
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Abbreviations: Meaning: ABCI: Association of Business Communicators of India: ABCP: Asset Backed Commercial Paper: ACF: Auto Correlation Function: ACU: Asian Clearing Union
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The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies This market determines the foreign exchange rate It includes all aspects of buying, selling and exchanging currencies at current or determined prices In terms of trading volume, it is by far the largest market in the world, followed by the Credit