Which Statement Is Correct

question 18

Multiple Choice

Which statement is correct?

• A)Exchange rates are adjusted each morning and held constant until the following morning.
• B)The four most commonly traded currencies in the foreign exchange markets are the U.S.dollar, French franc, European euro, and Brazilian real.
• C)All South American countries use the peso as their currency.
• D)New Zealand uses the same currency as Australia and that is the A$.
• E)The foreign exchange market is the largest financial market in the world.

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Definitions:

CPM/PERT Analysis

Project management tools that help in planning, scheduling, and controlling complex projects, standing for Critical Path Method and Program Evaluation and Review Technique, respectively.

Activities-On-Nodes

A project management technique that represents tasks or activities as nodes in a network diagram, with edges indicating dependencies.

Financial Control

The management of a company's finances, ensuring that its resources are used efficiently and effectively.

Liquidity

The measure of how quickly and easily an asset can be converted into cash without significantly affecting its value.