Foreign Exchange Brokers

question 57

Multiple Choice

Foreign exchange brokers:

• A) quote two-way prices at which they are willing to buy and sell at.
• B) in Australia require an authority from the central bank to operate.
• C) arbitrage price differences between the various FX markets.
• D) seek out the best exchange rates and deal mostly with FX dealers.

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Definitions:

Offshoring

The relocation of a business process or operation from one country to another, typically to leverage lower labor costs.

Globalization

Globalization is the process of increased interconnectedness and interdependence among countries, mainly due to trade, investment, and technology.

Sustainability

Sustainability involves making decisions and taking action that are in the interests of protecting the natural world, with particular emphasis on preserving the capability of the environment to support human life and wellbeing.

Supply Chain

The system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.