Which Two Currencies Account for More Than Half of All

question 11

Multiple Choice

Which two currencies account for more than half of all the trading volume in the foreign exchange market?

• A)Euro and Chinese yuan
• B)U.S.dollar and the British pound
• C)Euro and the British pound
• D)U.S.dollar and the euro
• E)U.S.dollar and the Canadian dollar

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Definitions:

Credit Availability

Refers to the ease with which individuals or businesses can obtain loans or credit from financial institutions.

Durable Goods

are items with a long life expectancy, such as automobiles, furniture, and appliances, typically used over years rather than consumed quickly.

Disposable Income

The accessible funds for households intended for saving and spending, after subtracting taxes on income.

Induced Consumption

Consumption that varies directly with income, indicating how consumer spending increases as income rises.