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

question 1

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
• B)The preeminence of Financial Times Stock Exchange (FTSE)index as an economic health indicator
• C)London's location making it the link between the East Asian and New York markets
• D)London being the preferred headquarters destination for major multinational corporations
• E)London's trading centers opening soon after Tokyo's and New York's trading centers closing for the night

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Definitions:

Covalent

Covalent refers to a type of chemical bond where atoms share pairs of electrons to achieve a full outer shell and stability.

Ionic

Refers to the chemical bond formed between atoms when electrons are transferred from one atom to another, resulting in positively and negatively charged ions.

Metallic

Relating to or characteristic of metal, including properties such as shiny appearance, conductivity, and malleability.

Intermolecular

Pertaining to forces or interactions occurring between molecules, affecting their physical properties and behaviors.