Concerning the Foreign Exchange Market,which of the Following Is False

question 98

Multiple Choice

Concerning the foreign exchange market,which of the following is false?

• A) most foreign exchange transactions involve the transfer of electronic balances between commercial banks or foreign exchange dealers
• B) the worldwide amount of foreign exchange transactions is about $4 trillion a day
• C) unlike the stock or commodity exchanges,the foreign exchange market is not an organized structure
• D) virtually all foreign exchange trading occurs among banks located in New York City

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