Which Two Currencies Account for More Than Half of All

question 68

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

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Definitions:

Frozen Earth

Describes periods in Earth's history when ice sheets and glaciers covered significant portions of the planet's surface.

Subduction

The process by which one tectonic plate moves under another tectonic plate and sinks into the mantle as the plates converge.

Oceanic Crust

The outer layer of the Earth's lithosphere that comprises the ocean floors, primarily made of basaltic rock.

Offshore Trenches

Deep, elongated depressions in the ocean floor, often resulting from tectonic activity and plate subduction.