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    Quotations of Foreign Exchange Rates in the Many Cities of the World
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Quotations of Foreign Exchange Rates in the Many Cities of the World

Question 1

Question 1

Multiple Choice

Quotations of foreign exchange rates in the many cities of the world are identical or nearly so because of


A) central bank control.
B) price fixing.
C) clearinghouse activities.
D) arbitrage activities.

Correct Answer:

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