Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)FX trading is becoming increasingly popular globally.
• B)FX trading has become redundant due to stable foreign exchange rates.
• C)FX trading is a popular tool to generate profits, as there is little risk involved.
• D)The number of FX traders has decreased over the years due to merger activities and as a consequence the number of FX transactions has decreased over time.

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Definitions:

Tax

Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Software Package

A bundle of software components or programs that are designed to work together to perform a specific function or set of functions.

Cost Plus Pricing

A pricing strategy where the selling price of a product is determined by adding a specific markup to its production cost.

Monopoly

A market condition where a single company or entity has exclusive control over a particular good or service, limiting competition.