Regarding Short-Range Exchange Rate Movements,which of the Following Statements Is

question 9

Multiple Choice

Regarding short-range exchange rate movements,which of the following statements is NOT true?

• A) they ​may vary from week to week
• B) ​they may vary from hour to hour
• C) ​are similar to those of the transaction demand determinants of long-term trends in exchange rates
• D) determined by arbitrage activity
• E) ​both a and b are false

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Definitions:

Long-Arm Statute

A statute that enables a court to obtain jurisdiction against an out-of-state defendant as long as the defendant has sufficient minimum contacts within the state, such as committing a tort or doing business in the state.

Pure State Law

Legislation that is exclusively within the purview of an individual state’s legal system, without federal interference.

State Supreme Court

The highest court within a U.S. state, which typically has the final appellate jurisdiction over legal matters under the state's laws.

Intermediate Court of Appeal

A court that serves as an intermediary layer between the lower courts and the supreme or highest court of a jurisdiction, handling appeals.