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.

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Definitions:

Quasi-Contracts

Legal obligations imposed by a court to prevent unjust enrichment, even when no actual contract exists.

Implied-In-Law Contract

A legally enforceable agreement created by a court order, not explicit agreement, to ensure fairness and prevent unjust enrichment.

Actual Contracts

Legally binding agreements created by the actions, behavior, or circumstances of the parties involved, rather than by written or spoken words.

Arbitration Agreement

A contract in which parties agree to resolve disputes through arbitration instead of through the court system.