Which of the Following Statements in Relation to the Operation

question 25

Multiple Choice

Which of the following statements in relation to the operation of the FX market is incorrect?

• A) A corporation will generally need to sell foreign currency when it borrows funds from overseas capital markets for use in its own domestic operations.
• B) The main trading floor of the Australian FX market is located in Sydney, with subsidiary branches in other main cities.
• C) The Reserve Bank may conduct FX transactions in order to change the composition of its 'official reserve assets'.
• D) 'Dealers' in the Australian FX market use global electronic networks such as Bloomberg and Reuters.

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