Throughout the Foreign Exchange Market, Trading in Currencies

question 18

Multiple Choice

Throughout the foreign exchange market, trading in currencies

• A) occurs at any hour of the day or night.
• B) occurs at prices established by the U.S. and British governments.
• C) is conducted on centralized trading floors in Paris and Hong Kong.
• D) is restricted to the hours between 1 P.M and 3 P.M., Eastern Time Zone.

---

Definitions:

Inventory Sale

The process of selling goods from a company's inventory to generate revenue, often tracked to understand sales trends and inventory turnover.

Amount Owed

The total sum of money that is due for payment to a lender or creditor.

Operating Cycle

The average period of time between the acquisition of materials or services and the final cash realization from those activities in a company.

Accounts Receivable Period

Accounts Receivable Period is the average number of days it takes for a company to collect payment from its customers after a sale has been made.