In 2004, approximately 90 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars, as the U.S. dollar was the dominant currency in the global foreign exchange market.

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In 2004

Question 22

Multiple Choice

In 2004

A) 20 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.
B) 10 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.
C) 30 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.
D) 40 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.
E) 90 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.

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