The Fact That Exchange Rates Are Nearly Identical in Different

question 145

Multiple Choice

The fact that exchange rates are nearly identical in different markets around the world is due to:

• A)the actions of speculators.
• B)official action by central banks around the world.
• C)the actions of arbitrageurs.
• D)the agreement by the policy makers of major industrial countries.
• E)the actions of currency converters.

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Definitions:

Confidence Interval

A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.

Confidence Interval

A scope of values, extracted from sample observations, which is anticipated to hold the value of a hidden population parameter.

Sample Size

The tally of data points or observations obtained from a segment of a larger population in a sample.

Jail Time

The period an individual is required to spend in prison as a consequence of a crime they have been convicted of.