The Most Important Trading Centres for the Foreign Exchange Market

question 48

Multiple Choice

The most important trading centres for the foreign exchange market are in:

• A)London,New York and Tokyo.
• B)São Paulo,New York and Paris.
• C)San Francisco,Tokyo and Singapore.
• D)New York,Hong Kong and Paris.

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Definitions:

Stealing Share

A business strategy aimed at gaining market share from competitors through tactics like competitive pricing, improved quality, or marketing.

Marginal Subcontracting Cost

The additional cost incurred for subcontracting one more unit of production or service.

Layoff Cost

refers to the expenses associated with terminating employees, including severance payments, benefits continuation, and administrative costs.

Hiring And Training Cost

The cumulative expenses related to recruiting new employees and providing them with necessary training to perform their job duties effectively.