The Three Largest Foreign Exchange Markets Based on Daily Volume

question 41

Multiple Choice

The three largest foreign exchange markets based on daily volume are

• A) London, New York, and Tokyo.
• B) New York, Tokyo, and Zurich.
• C) London, Tokyo, and Zurich.
• D) London, New York, and Singapore.

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Definitions:

Illegal Transaction

A deal or exchange that violates state or federal laws and is therefore void and unenforceable.

Russia

A country extending over much of northern Eurasia, with a complex history, rich culture, and significant influence in global affairs.

Restrictive Endorsement

A limitation placed on the use of a check that specifies the conditions under which the check can be endorsed or cashed.

Negotiable

Refers to something that can be transferred from one party to another, commonly used in the context of financial instruments that can be exchanged or sold.