The Turnover in the Australian FX Market Is

question 36

Multiple Choice

The turnover in the Australian FX market is:

• A)low compared to that in other Australian financial markets
• B)largely due to the financing of Australia's trade with the rest of the world
• C)relatively high, largely due to Australia's time zone
• D)only in AUD-denominated transactions.
• E)None of these are correct.

---

Definitions:

Day

A 24-hour period from midnight to midnight.

Income

The money received, especially on a regular basis, for work or through investments.

Financial Statement

An authorized ledger recording the economic occurrences and financial wellbeing of a company, person, or any distinct entity.

Normal Balance

A reiteration with different wording: The typical side (debit or credit) an account is expected to have, based on standard accounting rules.