Forward Markets for Currencies of Developing Countries Are

question 29

Multiple Choice

Forward markets for currencies of developing countries are:

• A) prohibited.
• B) less liquid than markets for developed countries.
• C) more liquid than markets for developed countries.
• D) only available for use by government agencies.

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Definitions:

Marginal Rate

The rate at which something changes as an immediate result of a one-unit increase, often used in economics to describe tax rates or production costs.

Transformation

The process of changing or converting something from one form or state to another, often referring to industrial, business, or technological changes.

Economic Growth

The increase in a country's production of goods and services over time, indicative of a growing economy.

Technology

Implementing scientific insights for real-world applications, chiefly in the field of industry.