Regarding short-range exchange rate movements, which of the following statements is NOT true?
a. they may vary from week to week
b. they may vary from hour to hour
c. are similar to those of the transaction demand determinants of long-term trends in exchange rates
d. determined by arbitrage activity
e. both a and b are false
Question 2
Am M-form of an organization is one in which
a. Each division performs a single task
b. Each division performs all the tasks necessary to serve a particular type of customer
c. Each division performs all the tasks necessary to serve all the customers of a particular geographical area
d. Both B&C
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