Most Transactions in the Interbank Foreign Exchange Trading Are Primarily

question 12

True/False

Most transactions in the interbank foreign exchange trading are primarily conducted via telecommunication techniques and little is conducted face-to-face.

---

Definitions:

Obligation

A duty or commitment to fulfil an act, usually as part of a contract or by law, such as the repayment of a loan.

Equal Payments

A series of identical payments made over a set period, commonly used in loans and installment purchases.

Overdrawn

A situation where an account has a negative balance due to the account holder spending more money than what is available in the account.

Annual Rate

The interest rate for a period of one year, often used for comparing the yields of investments or loans.