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The Foreign Exchange Market Has Expanded Significantly in the Last

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The foreign exchange market has expanded significantly in the last 20 years. What is the volume of swap, forward, and spot transactions in the market as of the most recent survey data (April 2013)?


Definitions:

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.

Gratification

Gratification is the pleasure or satisfaction obtained from achieving something desired or fulfilling a need.

Delay of Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.

Food Rewards

Incentives, often edible, used to motivate or reinforce desired behavior in both humans and animals.

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