Which Two Currencies Account for More Than Half of All

question 11

Multiple Choice

Which two currencies account for more than half of all the trading volume in the foreign exchange market?

• A)Euro and Chinese yuan
• B)U.S.dollar and the British pound
• C)Euro and the British pound
• D)U.S.dollar and the euro
• E)U.S.dollar and the Canadian dollar

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Definitions:

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a range of prices.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as the quantity of goods sold changes.

Marginal Revenue

The extra revenue received from the sale of an additional unit of a product or service.