While Trading in Foreign Exchange Takes Place Worldwide, the Major

question 10

Multiple Choice

While trading in foreign exchange takes place worldwide, the major currency trading centers are located in:

• A) London, New York, and Tokyo.
• B) New York, Zurich, and Bahrain.
• C) Paris, Frankfurt, and London.
• D) Los Angeles, New York, and London.

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Definitions:

Ka

An abbreviation for acid dissociation constant, a quantitative measure of the strength of an acid in solution, representing the equilibrium constant of its dissociation.

Conjugate Acid

A species formed by the reception of a proton (H+) by a base, related to its conjugate base by the difference of one hydrogen atom.

Ethanol

A two-carbon alcohol, commonly known as alcohol, with the chemical formula C2H5OH, used as a solvent, fuel, and in beverages.

Increasing Basicity

A qualitative term describing the trend or pattern observed as the basic character (ability to accept protons) of a series of compounds increases.