Which of the Following About Global FX Markets Is NOT

question 89

Multiple Choice

Which of the following about global FX markets is NOT correct?

• A) Trading in FX is conducted using telephones and computer-based technological systems.
• B) New York is the largest FX market.
• C) The Bank for International Settlements estimates turnover in excess of USD 4000 billion.
• D) A free float FX regime is one where the exchange rate moves according to the forces of supply and demand.

---

Definitions:

Visual-spatial Abilities

Refers to the capacity to identify visual and spatial relationships among objects.

Corollary

A proposition that follows from one already proven, adding further information or detail.

Operational Definition

A clear, precise description of a variable in terms of the specific process or set of validation tests used to determine its presence and quantity.

Assumptions

Beliefs or statements taken for granted without proof, often serving as a foundation for further reasoning or arguments.