The Number of FX Markets, Along with Floating Exchange Rates

question 32

True/False

The number of FX markets, along with floating exchange rates, varying country inflation rates, advances in technology for the management of cash, and the growth of the derivatives market are among the conditions that have led to the growth of international finance centers.

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Definitions:

Island Arcs

Curved chains of volcanic islands located along convergent tectonic plate boundaries, typically with deep ocean trenches on the convex side.

Abyssal Plains

Very flat, deep-sea floors found at depths between 3,000 and 6,000 meters, making up a large portion of the ocean's basin.

Oceanic Fracture Zones

Linear oceanographic features caused by the movement of tectonic plates, characterized by significant variations in depth and topography.

Seafloor

The bottom of an ocean or sea, composed of various geological features including ridges, valleys, plains, and trenches, shaped by processes like volcanic activity, sediment deposition, and tectonic movements.