It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. In fact, 2007 BIS statistics indicate that about ______ percent of currency trading in the world involves the U.S. dollar on one side of the transaction.
A) 86 percent
B) 75 percent
C) 45 percent
D) 15 percent
Correct Answer:
Verified
Q1: Consider a U.S. importer desiring to purchase
Q2: The current exchange rate is €1.00 =
Q3: The current exchange rate is £1.00 =
Q3: The world's largest foreign exchange trading center
Q5: Suppose that the current exchange rate is
Q6: The standard size foreign exchange transactions are
Q7: The foreign exchange market closes
A)Never.
B)4:00 p.m. EST
Q9: Spot foreign exchange trading
A)accounts for about 5
Q11: At the wholesale level,
A)most trading takes place
Q15: Most interbank trades are
A)speculative or arbitrage transactions.
B)simple
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