Which of the Following Statements Is False

question 3

Multiple Choice

Which of the following statements is false?

• A)The Board of Governors of the Federal Reserve System authorizes member banks to accept drafts that arise in the course of certain types of international transactions.
• B)Multinational corporations may engage in foreign exchange management for speculative purposes,as well as for defensive purposes.
• C)Arbitrage in the foreign exchange market is the simultaneous purchasing of commodities or securities in one market and selling them in another where the price is higher.
• D)All the above statements are correct.

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Definitions:

Recognition

The cognitive process of identifying previously encountered information from a group of choices.

Cognitive Process

The cognitive process of gaining knowledge and comprehension via thinking, experiencing, and sensory perception.

Familiar

Well known from long or close association.

Gestalt School

A psychological approach emphasizing that the human mind perceives objects not by their individual parts but as whole structures or patterns.