Which One of Following Statements Is Not Correct

question 55

Multiple Choice

Which one of following statements is not correct?

• A)Importers are participants in the foreign exchange market.
• B)There are no speculators in the foreign exchange market.
• C)The foreign exchange market is an over-the-counter market.
• D)Portfolio managers are participants in the foreign exchange market.
• E)Exporters are participants in the foreign exchange market.

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Definitions:

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent or salaries.

Net Income

The amount of money left after subtracting all expenses, taxes, and costs from total revenue.

Variable Cost

A cost that varies depending on the level of output or activity, such as materials or labor costs in manufacturing.

Fixed Cost

A periodic cost that does not vary with production volume or sales.