Which of the Following Is NOT a Major Duty, Which

question 12

Multiple Choice

Which of the following is NOT a major duty, which the agent owes to the principal?

• A) Duty to obey instructions.
• B) Duty to act in good faith and with loyalty.
• C) Duty to indemnify.
• D) Duty to exercise care.

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Definitions:

Foreign Exchange Reserves

Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies, used to back liabilities and influence monetary policy.

Domestic Money Supply

Refers to the total amount of money available within a country's economy at a specific time, including cash, coins, and balances held in bank accounts.

Appreciate

To increase in value or price over time, often used in the context of currencies, assets, or investments.

Floating Exchange Rates

A currency valuation system in which exchange rates are determined by the free market forces of supply and demand without direct intervention by national governments.