Balances in Foreign Accounts Are Maintained for Purposes of Dealing

question 127

Multiple Choice

Balances in foreign accounts are maintained for purposes of dealing in foreign exchange by:

• A)central banks
• B)correspondents of domestic banks
• C)correspondents or foreign branches of domestic banks
• D)most multinational corporations

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Definitions:

Expected Frequency

The predicted count of occurrences of an event based on the probabilities calculated from a probability distribution or sample data.

Cramér's V

A measure of association between two nominal variables, giving a value between 0 and 1 to indicate the strength of the relationship.

Cramér's V

A quantification of the link between two variables of a nominal type, with a scale from 0 to 1.

Cramér's V

A measure of association between two nominal variables, giving a value between 0 and 1 that indicates the strength of the relationship.