Foreign Exchange Is Traded

question 56

Multiple Choice

Foreign exchange is traded:

• A) weekly on the Internet in special auctions arranged by the Federal Reserve.
• B) continuously all over the world 24 hours a day and seven days a week.
• C) only in officially designated trading centers such as London or New York.
• D) It is traded in none of these ways or venues.

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Definitions:

Dielectric

An insulating material that can be polarized by an electric field, enhancing the capacitor's ability to store an electric charge.

Mica

A mineral used as an electric insulator.

Northwest Ordinance

An act passed by the Confederation Congress in 1787 that established a government for the Northwest Territory and outlined the process for admitting new states to the Union, prohibiting slavery in the territory.

Old Northwest

A historical term referring to the territory that became the states of Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota; it was an important region for expansion and settlement in early U.S. history.