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The Greatest Amount of Foreign Exchange Trading Takes Place in the Following

Question 38
Multiple Choice

The greatest amount of foreign exchange trading takes place in the following three cities: A) New York, London, and Tokyo. B) New York, Singapore, and London. C) London, Frankfurt, and Paris. D) London, Tokyo, and Zurich.

Related questions
Q 39
The four currencies that constitute about 80% of all foreign exchange trading are: A) U.K pound, Chinese yuan, euro, and Japanese yen. B) U.S. dollar, euro, Chinese yuan, and U.K. pound. C) U.S. dollar, Japanese yen, euro, and U.K. pound. D) U.S. dollar, U.K. pound, yen, and Chinese yuan.
Q 40
A spot transaction in the interbank market for foreign exchange would typically involve a two-day delay in the actual delivery of the currencies, while such a transaction between a bank and its commercial customer would not necessarily involve a two-day wait.
Q 41
Nondeliverable Forwards were originally envisioned as a method of currency speculation, but it is now estimated that 70% of NDFs are trading for hedging purposes.
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