Most Transactions in the Interbank Foreign Exchange Trading Are Primarily

question 12

True/False

Most transactions in the interbank foreign exchange trading are primarily conducted via telecommunication techniques and little is conducted face-to-face.

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Definitions:

Estimator

A rule or method for estimating a parameter from sample data.

Confidence Level

The degree of certainty, usually expressed as a percentage, that a parameter lies within a specified range of values.

Estimation

The process of finding an approximate value of some parameter—such as a mean, variance, or proportion—from a sample data set.

Population Parameters

Numeric characteristics or measures that describe an aspect of a population.