A Major Network for Foreign Transactions Is Operated by a Belgian

question 56

Multiple Choice

A major network for foreign transactions is operated by a Belgian non-profit cooperative known as:

• A)EURX.
• B)BELX.
• C)SWIFT.
• D)LIBOR.
• E)GLOBEX.

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Definitions:

Misrepresentation

A false statement of fact made by one party to another, which induces the latter into entering a contract.

Inducement

An offer or promise made to persuade or influence a person to act in a certain way, often used in contracts and employment agreements.

Void Agreement

A contract or agreement that is legally unenforceable from the outset due to an inherent issue, such as illegality or lack of capacity.

Duress

Illegal pressure exerted upon a person to coerce them into an action against their will or judgment.