Foreign Exchange Swaps Were Larger in 1998 Than in 2001

question 37

Multiple Choice

Foreign exchange swaps were larger in 1998 than in 2001. The Bank for International Settlements attributes this to

• A) the introduction of the euro.
• B) growing electronic brokering in the spot interbank market.
• C) consolidation in general.
• D) all of the above.

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Definitions:

Cancer Cells

Abnormal cells that divide uncontrollably and can invade nearby tissues or spread to other parts of the body.

Nondisplaced Fracture

A break in a bone that has not led to a misalignment of the bone fragments; the broken pieces remain in place.

Radius

One of the two large bones in the forearm, extending from the elbow to the wrist on the side of the thumb.

Ulna

One of the two long bones in the forearm, running from the elbow to the smallest finger, and located on the side opposite the thumb.