Multiple Choice
Which of the following is a reason for London's dominance in the foreign exchange market?
A) Great Britain's decision to retain the British pound instead of using the euro
B) The preeminence of Financial Times Stock Exchange (FTSE) index as an economic health indicator
C) London's location making it the link between the East Asian and New York markets
D) London being the preferred headquarters destination for major multinational corporations
E) London's trading centers opening soon after Tokyo's and New York's trading centers closing for the night
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Assume that the yen/dollar exchange rate quoted
Q4: To express the PPP theory in symbols,let
Q5: Currency swaps are transacted between international businesses
Q6: Which of the following indicates that the
Q7: Which of the following is true of
Q9: In terms of foreign exchange,which of the
Q40: A country's currency is referred to as
Q52: The law of one price states that<br>A)
Q65: The yen/dollar exchange rate is ¥120 =
Q100: Spot exchange rates and the 30-day forward