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:

Probability

A measure quantifying the likelihood that events will occur, ranging from 0 (impossibility) to 1 (certainty).

α

Typically used to denote the level of significance in hypothesis testing, representing the probability of rejecting a true null hypothesis or the threshold of rareness.

β

Often used to represent the slope coefficient in linear regression analysis, indicating the change in the dependent variable for a one-unit change in an independent variable.

Probability

The measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.