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:

Delta

In finance, delta represents the rate of change of an option's price with respect to the change in the underlying asset's price.

Gamma

A measure of the rate of change in an option's delta for a one-unit change in the price of the underlying asset, indicating the convexity of an option's value relative to the underlying.

Theta

A term from options trading that describes the rate of change in an option's price with respect to the passage of time.

Elasticity

A measure of how much the demand or supply of a product changes in response to changes in price or other economic factors.