When the Foreign Exchange Market Opens in the U

question 31

Multiple Choice

When the foreign exchange market opens in the U.S. each morning, the opening exchange rate quotations will be based on the:

• A) closing prices in the U.S. during the previous day.
• B) closing prices in Canada during the previous day.
• C) prevailing prices in locations where the foreign exchange markets have been open.
• D) officially set by central banks before the U.S. market opens.

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Definitions:

Lewis and Clark

Explorers who led the early 19th-century expedition across the western United States to explore the Louisiana Purchase.

White People

Individuals belonging to racial groups characterized by lighter skin tones, often associated with European descent.

Republican Party

A major political party in the United States, founded in 1854, that traditionally supports conservative and pro-business policies.

1790s

A decade marked by significant political and social change around the world, including the French Revolution and the early years of the United States under its new constitution.