Which of the following is a reason for the decline in FX trading?
A)The number of FX traders has decreased due to mergers of investment banks.
B)Advancements in technology have increased the efficiency of each FX trader, reducing the need for as many.
C)The move towards a single currency in Europe has reduced the need for FX trading.
D)All of the listed options are correct.

Question

Quizplus · Accepted Answer

Each option listed contributes to the decline in FX trading: A) Mergers reduce the number of trading entities; B) Technological advancements increase efficiency, reducing the number of traders needed; C) The adoption of a single currency in Europe decreases the volume of currency exchanges.

Which of the Following Is a Reason for the Decline