What is the name for the bank market for deposits and loans that is denominated in a currency different to the currency of the country in which a bank is operating?

A) internal currency market
B) foreign exchange market
C) external currency market
D) interbank market

Answer: C

Business

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A research focusing on obtaining customer characteristics, product benefits, and brand preferences is termed as benefit and lifestyle studies, and is used in market segmentation research.

a. true b. false

Business

A broker negotiated the sale of a client's acreage. Shortly after the seller accepted the buyer's offer, the broker found out that the buyer's agent had recently arranged for the same buyer to pay a much higher price per acre for similar acreage nearby. In this situation:

A. nothing can be done about it now that there's already a contract B. the broker should disclose this information to the seller C. the broker should contact the other agent and try to renegotiate the contract D. the contract is void for inadequate consideration

Business