Quotations of Foreign Exchange Rates in the Many Cities of the World

question 1

Multiple Choice

Quotations of foreign exchange rates in the many cities of the world are identical or nearly so because of

• A) central bank control.
• B) price fixing.
• C) clearinghouse activities.
• D) arbitrage activities.

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Definitions:

Electric Power

The flow of electrical energy through a conductor, used for a multitude of applications including lighting, heating, and powering machinery.

Drinking Water

Water that is safe and clean for human consumption without the risk of health problems.

Aquifers

Geological formations that can store, transmit, and yield water to a well or spring.

Water Scarcity

The condition where the availability of water resources is insufficient to meet the demands of a region's population.