Which of the Following Is NOT an Example of a Participant

question 88

Multiple Choice

Which of the following is NOT an example of a participant in the foreign exchange market?

• A) Pakistani tourists exchanging rupees for British pounds at a bank in London
• B) British retailer Marks and Spenser purchasing appliances from a British supplier
• C) The U.S. government arranging a multimillion-dollar loan to Mexico
• D) Toyota exporting cars to Canada from factories in Japan

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Definitions:

Skimming Pricing Strategy

A pricing strategy where a product is initially sold at a high price, which is gradually lowered to attract more price-sensitive customers.

Home Electronics

Electronic devices intended for everyday use in private homes, such as televisions, refrigerators, and microwaves.

Penetration Pricing

A strategy of setting a low initial price for a product or service to attract customers quickly and gain market share.

Developmental Costs

Expenses associated with the research and development of a company's goods or services before they can be sold commercially.