Most Foreign Exchange Transactions Involve the Transfer of Cash, Rather

question 132

True/False

Most foreign exchange transactions involve the transfer of cash, rather than electronic balances, between commercial banks or foreign exchange dealers.

---

Definitions:

Quantitative Data

This refers to numerical data that can be measured and quantified, representing quantities, amounts, or levels.

Ordinal Data

Data that can be categorized and ranked; however, the intervals between the categories are not necessarily equal.

Nominal Variable

A categorical variable for which different values represent different categories without any intrinsic ranking order.

Interval Data

A type of numerical data involving measurements where both the order and the exact differences between the measurements matter, but there is no true zero point.