Which One of the Following Statements Is Correct

question 9

Multiple Choice

Which one of the following statements is correct?

• A) Exchange rates are adjusted each morning and held constant until the next morning.
• B) The four most common currencies traded in the foreign exchange market are the U.S. dollar, franc, euro, and peso.
• C) All of South America uses the peso as their currency.
• D) New Zealand uses the same currency as Australia and that is the A$.
• E) The foreign exchange market is the largest financial market in the world.

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Definitions:

Unemployed Workers

Individuals actively seeking employment but unable to find work, comprising part of the labor force that is not currently employed.

Labor Demand

The total amount of workers that employers in an economy want to hire, which varies depending on wage levels, technological changes, and overall economic conditions.

Labor Supply

The cumulative amount of time employees are prepared and capable of working for a specific rate of pay.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.