The Levels of Foreign Currency Assets and Liabilities at Banks

question 13

Multiple Choice

The levels of foreign currency assets and liabilities at banks have ________ in recent years,and the level of foreign currency trading has ________.

• A)increased; increased
• B)decreased; decreased
• C)increased; decreased
• D)decreased; increased
• E)decreased; stayed the same

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Definitions:

Par Value

A nominal value assigned to share of stock in the charter of a corporation, often used in the calculation of capital accounts.

Stated Value

A nominal value assigned to no-par-value stock by the corporation's board of directors to serve as the base figure for the accounting of the stock.