Which of the following is not a true statement about the foreign exchange market?
a. Trading for foreign exchange is conducted without interruption (24 hours a day) during the workweek.
b. Prices for foreign currencies are the usually same throughout the world.
c. Bid-ask-spreads are bigger in the wholesale than in the retail market for foreign exchange.
d. The wholesale volume surpasses the retail volume by a huge margin.
.C
Economics
You might also like to view...
Typically, the utility function is assumed to be
A. linear B. lexicographic C. concave D. non-time specific
Economics
If in a certain year the indices of prices received and paid by farmers were 115 and 142 respectively, the parity ratio (in percentage terms) would be:
A. 123. B. 81. C. 69. D. 27.
Economics