Which of the Following Is a Reason for London's Dominance

question 65

Multiple Choice

Which of the following is a reason for London's dominance in the foreign exchange market?

• A)Great Britain's decision to retain the British pound instead of using the euro,making the pound an important vehicle currency
• B)The preeminence of Financial Times Stock Exchange (FTSE)index as an economic health indicator
• C)London's geographical position making it the link between the East Asian and New York markets
• D)London being the preferred headquarters location for major multinational corporations

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Definitions:

Mental Set

A tendency to approach a problem in one particular way, often a way that has been successful in the past.

Classifying Objects

The cognitive process of organizing items into categories based on shared characteristics.

Algorithms

A defined set of step-by-step procedures or rules followed in calculations or problem-solving operations, especially by a computer.

Fixations

An obsessive focus or attachment to some aspect of psychological or emotional development.