The Vast Majority of the Foreign-Exchange Reserves Held by Central

question 86

Multiple Choice

The vast majority of the foreign-exchange reserves held by central banks are denominated in

• A)local currencies.
• B)U.S.dollars.
• C)Yen.
• D)Euro.

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Definitions:

Strict Liability

Liability in which responsibility for damages is imposed regardless of the existence of negligence. Also called liability without fault.

CD's

Certificates of Deposit, a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements.

Second Sale

The sale that occurs subsequent to an initial purchase, often used in retail or property contexts.

Number Series

A sequence of numbers in which there is a specific relationship or pattern between successive numbers.