The Most Important Trading Centers for the Foreign Exchange Market

question 123

Multiple Choice

The most important trading centers for the foreign exchange market are in

• A) New York, Singapore, Tokyo.
• B) San Paulo, New York, and Paris.
• C) San Francisco, Tokyo, and Singapore.
• D) New York, Hong Kong, and Paris.
• E) London, New York, and Tokyo.

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Definitions:

Expected Value

The long-run average value of repetitions of the experiment it represents, reflecting the probability-weighted average of all possible values.

Probability Function

This is a function in mathematics that determines the probability of different outcomes happening in an experiment.

Weighted Average

An average where each quantity to be averaged is assigned a weight, reflecting its importance.

Continuous Random

A variable that can take an infinite number of values within a given range, where the outcomes cannot be counted and can only be described using intervals on the real number line.