The Fact That Exchange Rates Are Nearly Identical in Different

question 145

Multiple Choice

The fact that exchange rates are nearly identical in different markets around the world is due to:

• A)the actions of speculators.
• B)official action by central banks around the world.
• C)the actions of arbitrageurs.
• D)the agreement by the policy makers of major industrial countries.
• E)the actions of currency converters.

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