Which of the Following Factors Help Explain the Decline in FX

question 10

Multiple Choice

Which of the following factors help explain the decline in FX trading in the early years of this century?

• A)Introduction of the euro.
• B)Consolidation in the banking industry.
• C)Growth of electronic brokering.
• D)Mergers in the corporate sector.
• E)All of these.

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Definitions:

Recording Process

The systematic method of capturing all relevant financial transactions of a business for accounting and reporting purposes.

Perpetual Inventory System

An inventory management method where records of inventory quantities are updated in real-time after every transaction.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the difference between the buying and selling prices.