Which of the Following Is True of Foreign Exchange Markets

question 40

Multiple Choice

Which of the following is true of foreign exchange markets?

• A)The foreign exchange market is a single gathering place where traders shout buy and sell orders at each other.
• B)Individuals' exchanges of currencies comprise the largest portion of overall foreign exchange trading.
• C)The laws of demand and supply are not applicable in a foreign exchange market.
• D)Most foreign exchange trading involves the exchange of U.S.dollars for other currencies.

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Definitions:

Multi-step Procedure

A complex process involving several stages or actions to achieve a particular end.

Decision-making Power

Decision-making power is the authority to make decisions within an organization, often held by managers, leaders, or governing bodies.

Quick Resolutions

The rapid settlement or conclusion of a dispute, issue, or problem, aiming for efficiency and minimal disruption.

Collective Agreement

A written contract negotiated through collective bargaining by and for employees with their employer, detailing wages, hours, and working conditions.