Which One of These Statements Related to the Foreign Exchange

question 77

Multiple Choice

Which one of these statements related to the foreign exchange market is correct?

• A)Currency trading floors are operated by the central bank of each country.
• B)The primary currency trading floor is located in London.
• C)The foreign exchange market is second in size as a financial market only to the New York Stock Exchange.
• D)Currency trading floors are located in all the major financial centers of the world and operated by commercial banks.
• E)SWIFT is a means of handling foreign currency transactions that is sponsored by a Belgian cooperative.

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Definitions:

Containers Refurbished

The process of cleaning, repairing, and restoring used containers to a condition suitable for safe and efficient reuse.

Spending Variance

The difference between the actual amount of money spent and the budgeted or planned amount in a given period.

Budgeting

The process of creating a plan to spend your money, outlining proposed incomes and expenditures for a future period.

Planning Budget

A financial plan created for a future period, outlining projected revenues, expenses, and capital needs.