Which One of the Following Statements Is Correct Concerning the Foreign

question 47

Multiple Choice

Which one of the following statements is correct concerning the foreign exchange market?

• A) The trading floor of the foreign exchange market is located in London.
• B) The foreign exchange market is the world's second largest financial market.
• C) The four primary currencies that are traded in the foreign exchange market are the U.S. dollar, the British pound, the French franc, and the euro.
• D) A cross-rate is the exchange rate of a non-U.S. currency expressed in another non-U.S. currency.
• E) The price in U.S. dollars of a foreign currency is referred to as an indirect quote.

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