The Four Currencies That Constitute About 80% of All Foreign

question 35

Multiple Choice

The four currencies that constitute about 80% of all foreign exchange trading are:

• A) U.K pound, Chinese yuan, euro, and Japanese yen.
• B) U.S. dollar, euro, Chinese yuan, and U.K. pound.
• C) U.S. dollar, Japanese yen, euro, and U.K. pound.
• D) U.S. dollar, U.K. pound, yen, and Chinese yuan.

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Definitions:

Normal Good

A good for which demand increases as consumer income rises, holding all other factors constant.

Consumer Tastes

Preferences and inclinations of consumers that influence their purchasing behavior and choice of products.

Substitutes

Products or services that can replace each other in usage, providing consumers with choices.

Health Clubs

Facilities that offer a variety of exercise equipment, classes, and services to individuals looking to improve or maintain their physical fitness.