Which of the Following Statements Is True of the Global

question 25

Multiple Choice

Which of the following statements is true of the global financial system?

• A)It consists of the institutional frameworks, rules, and procedures that govern how national currencies are exchanged for one another.
• B)It includes key players such as finance ministries and national stock exchanges but excludes commercial banks and central banks.
• C)It is built on the activities of firms, banks, and financial institutions engaged in ongoing international financial activity.
• D)Since the 1960s, the volume and structure of the global financial system has been reducing.

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Definitions:

B2B Product

Goods or services sold by one business to another, as opposed to products sold directly to consumers.

Durable Good

A type of good that does not quickly wear out and is used over a long period, such as appliances, cars, or furniture.

Consumer Product

A product intended for personal use or consumption by the general public, as opposed to products designed for industrial or commercial use.

Business Product

Goods or services that are sold primarily to other businesses for use in production, resale, or operational purposes, rather than to the ultimate consumer.