Which of the Following Is an Example of Foreign Exchange

question 30

Multiple Choice

Which of the following is an example of foreign exchange market intervention?

• A)the U.S.government pays Social Security checks to pensioners living in Poland
• B)IBM sells euros it received in international trade
• C)the Canadian government pays interest to Saudi Arabian investors
• D)the French government sells dollars in the foreign exchange market to prop up the value of the euro

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Definitions:

Duty Of Care

The duty of all persons, as established by tort law, to exercise a reasonable amount of care in their dealings with others. Failure to exercise due care, which is normally determined by the “reasonable person standard,” constitutes the tort of negligence.

Jointly And Severally

A legal term referring to a situation where two or more parties are held both together and individually responsible for an obligation.

Obligations

Duties or commitments imposed by law, contract, or moral responsibility.

Majority Of States

Refers to more than half of the 50 states in the United States.