If a Currency's Spot Market Is ____, Its Exchange Rate

question 47

Multiple Choice

If a currency's spot market is ____, its exchange rate is likely to be ____ to a single large purchase or sale transaction.

• A) liquid; highly sensitive
• B) illiquid; insensitive
• C) liquid; insensitive
• D) none of the above

---

Definitions:

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Survey Introduction

An initial section of a survey designed to inform participants about the purpose, scope, and context of the research.

Efficient

The ability to achieve a goal using the least possible resources or time, often with minimal waste.

Criterion-referenced Tests

Assessments intended to measure what an individual can do relative to predefined criteria, rather than in comparison to others' performance.