The Only Institutions Allowed to Trade in the Foreign Exchange

question 73

Multiple Choice

The only institutions allowed to trade in the foreign exchange market are:

• A) banks.
• B) the RBA.
• C) publicly listed companies.
• D) those authorised by the RBA to do so.

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Definitions:

Voidable

A legal term referring to a contract or action that can be invalidated or annulled by one or more of the parties involved.

Disaffirmance

The legal act of renouncing or nullifying a contract or agreement, particularly by minors or those not completely competent to enter into a contract.

Tort of Deceit

A legal wrong involving intentional misrepresentation or concealment of truth leading to damage or harm to another party.

Mental Impairment

A condition affecting an individual's cognitive functions, potentially limiting their ability to perform daily tasks or make decisions.