Which One of Following Statements Is Not Correct

question 43

Multiple Choice

Which one of following statements is not correct?

• A) Importers are participants in the foreign exchange market.
• B) The foreign exchange market is an over-the-counter market.
• C) There are no speculators in the foreign exchange market.
• D) Exporters are participants in the foreign exchange market.
• E) Portfolio managers are participants in the foreign exchange market.

---

Definitions:

Social Welfare Function

A theoretical framework in economics that represents preferences over social states or outcomes, aiming to aggregate individual utilities into a measure of collective welfare.

Pareto Optimum

A distribution of resources in which it is not feasible to rearrange in a way that improves one person's situation without detrimentally affecting at least another individual's standing.

Utility Possibilities Frontier

A graph that shows the maximum amount of utility that can be achieved by different individuals or groups from a fixed set of resources.

Production Possibilities

A curve or frontier that illustrates the maximum feasible amounts of two commodities that can be produced with available resources and technology.