If there are 20 countries in the world, each with its own currency, then there are:
A) 400 different foreign exchange markets.
B) 19 different foreign exchange markets.
C) 380 different foreign exchange markets.
D) 190 different foreign exchange markets.
Correct Answer:
Verified
Q10: Fiat money:
A) is currency that is tender
Q11: Arbitrage:
A) is the simultaneous purchase and sale
Q12: Exchange rates:
A) are always stated in domestic
Q13: The presence of perfect triangular arbitrage means
Q14: In general, for n different currencies, there
Q16: Among the forms of arbitrage that are
Q17: If the U.S. dollar is valued at
Q18: An effective exchange rate is:
A) an exchange
Q19: Foreign exchange market intervention is carried out:
A)
Q20: Suppose that the exchange rate, defined in
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