Trading on the Foreign Exchange Market Is

question 17

Multiple Choice

Trading on the foreign exchange market is

• A)located in a physical headquarters in London
• B)takes place within an organized exchange
• C)conducted by licensed brokers from the London stock exchange
• D)an electronically linked network of banks,brokers,and dealers

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Definitions:

Novation

The substitution, by mutual agreement, of another party for one of the original parties to a contract.

Liability

The state of being legally responsible for something, particularly in terms of debts or legal obligations.

Certificate of Authority

An official document granting a company the right to do business in a jurisdiction beyond where it was originally incorporated.