All of the Following Are Primary Centres of Foreign Exchange

question 37

Multiple Choice

All of the following are primary centres of foreign exchange trading except:

• A) London.
• B) New York.
• C) Munich.
• D) Tokyo.

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Definitions:

Permissive Issue

A permissive issue is a topic or subject matter in negotiations (such as labor negotiations) that can be discussed and possibly agreed upon but is not legally required to be part of the negotiation process.

Collective Bargaining

The process by which employers and the representatives of employees negotiate the terms and conditions of employment.

Indirect Compensation

Benefits provided to employees that are not part of their direct pay, such as health insurance, retirement plans, or child care allowances.

Negotiating Committees

Groups designated to represent the interests of parties during negotiations, often within the context of labor relations or business deals.