Which of the Below Statements Is FALSE

question 44

Multiple Choice

Which of the below statements is FALSE?

• A) The foreign-exchange market is an over-the-counter market that operates 24 hours a day.
• B) Market participants who want to buy or sell a currency must search different dealers to get the best exchange rate on a specific currency.
• C) Foreign-exchange dealers do not quote one price, but quote an exchange rate at which they are willing to buy a foreign currency and one at which they are willing to sell a foreign currency.
• D) Dealers in the foreign-exchange market are large international banks and other financial institutions that specialize in making markets in foreign exchange with commercial banks playing a small part of this market.

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Definitions:

Concrete Operational

A stage in Piaget's theory of cognitive development during which children gain the ability to think logically about concrete events.

Formal Operational

The final stage in Piaget's theory of cognitive development, beginning around age 11, where individuals gain the ability to think abstractly and logically about hypothetical situations.

Prefrontal Cortex

The front part of the frontal lobes of the brain, involved in complex behaviors such as planning, decision making, and moderating social behavior.

Amygdala

A component of the brain's limbic system involved in emotion regulation, decision-making, and memory processing, particularly known for its role in fear responses.