Why Is London Most Likely the Top Market for Trading

question 79

Multiple Choice

Why is London most likely the top market for trading foreign exchange?

• A)The British pound is the world's top trading currency.
• B)Most multinational firms are headquartered in London.
• C)London is uniquely positioned geographically in terms of time zones.
• D)British traders have always been the most sophisticated in the world.

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Definitions:

Entitativity

The perception or quality of being a distinct entity, often used in social psychology to discuss how individuals perceive groups as coherent, unified wholes.

Prejudice

Prejudice is a preconceived opinion or judgment toward people or a group without sufficient knowledge, thought, or reason.

Stereotyping

The act of assigning oversimplified or generalized traits, behaviors, or beliefs to a particular group of people without acknowledging individual variation.

Case Study

A research method that involves an in-depth analysis of a single individual, event, or group to explore causation in order to find underlying principles.