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Which of the Following Statements About the Foreign Exchange Markets

Question 45

Multiple Choice

Which of the following statements about the foreign exchange markets is incorrect?


A) Much of the trading volume in the FX markets can be described as speculative transactions.
B) Most foreign-exchange trading takes place in London.
C) The FX markets are over-the-counter markets.
D) Trading volume worldwide exceeds USD 4000 billion per day.

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