Which of the following about global FX markets is NOT correct?
A) Trading in FX is conducted using telephones and computer-based technological systems.
B) New York is the largest FX market.
C) The Bank for International Settlements estimates turnover in excess of USD 4000 billion.
D) A free float FX regime is one where the exchange rate moves according to the forces of supply and demand.
Correct Answer:
Verified
Q6: The foreign exchange market is where:
A) exports
Q7: The exchange rate where the value of
Q8: An exchange rate regime that allows the
Q9: Foreign exchange brokers:
A) quote two-way prices at
Q10: The value of FX daily transactions in
Q12: Foreign exchange market participants who seek out
Q13: The institutions that transact between the foreign
Q14: A large international organisation representing the central
Q15: A floating exchange rate regime is one:
A)
Q16: Financial institutions active in the FX markets
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