The World's Largest Foreign Exchange Trading Center Is

question 65

Multiple Choice

The world's largest foreign exchange trading center is

• A)New York.
• B)Tokyo.
• C)London.
• D)Hong Kong.

---

Definitions:

Discount on Bonds Payable

The difference by which the bond's face value exceeds its selling price, reducing the cost to the issuer.

Straight-Line Method

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its interest payments on outstanding debt.

Creditors

Entities or individuals to whom money is owed by a business or individual for goods or services provided or as a result of a loan.