Which One of the Following Possibilities Is TRUE

question 108

Multiple Choice

Which one of the following possibilities is TRUE?

• A) Much of eurocurrency trading occurs in Europe.
• B) Much of eurocurrency trading occurs in the United States.
• C) Eurocurrencies trading occurs everywhere except the United States.
• D) Eurocurrencies trading occurs everywhere except Europe.
• E) Eurocurrencies trading occurs everywhere except China.

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Definitions:

Interpretation

The process of explaining, defining, or clarifying the meaning of words, texts, or actions.

Bilateral Mistake

A misunderstanding where both parties involved in a contract have an incorrect belief about a basic assumption on which the contract is based.

Mistake Of Value

An error made by one or both parties at the time of entering into a contract, regarding the value or worth of the subject matter of the contract.

Voidable

Refers to a contract that is valid and enforceable unless challenged and declared void by a party to the contract who is deemed to have been disadvantaged or defrauded.