Balances in Foreign Accounts Are Maintained for Purposes of Dealing

question 59

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
• E)none of the above

---

Definitions:

Knowledge Characteristics

Knowledge Characteristics refer to the attributes or aspects that distinguish information or insights, such as relevance, accuracy, and applicability.

Task Variety

The degree to which a job involves different activities requiring various skills and talents, contributing to job satisfaction.

Social Characteristics

Traits that describe individuals or groups based on their social behaviors, interactions, and roles within a community or society.

Job Satisfaction

A measure of how content an individual is with their job, encompassing aspects like work environment, role clarity, recognition, and personal achievement.