The authors identify two tiers of foreign exchange markets:
A) bank and nonbank foreign exchange.
B) commercial and investment transactions.
C) interbank and client markets.
D) client and retail market.
Answer: C
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Which statement best describes "agreement" as it relates to contracts?
A. The intent of the contract must be legally acceptable to both parties. B. All parties must be capable of entering into a contract. C. Each party must offer something of value. D. One party accepts the exact terms of the other party's offer.
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The Supreme Court of the U.S. cannot come to a tie decision
Indicate whether the statement is true or false
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