Computers And Technology High School

What are examples of some Exotic currencies?
A) EURUSD, AUDUSD
B) GBPCHE, EURUSD
C) AUDCHF, NZDJPY
D) MXN, ZAR, HKD

Answers

Answer 1

Answer:

D) MXN, ZAR, HKD

Explanation:

Exotic currencies refer to currency that are used in countries with emerging economies therefore they lack liquidity, are extremely volatile and have very low volumes. The exchange rate of exotic currencies are usually very high because of its lack of liquidity, therefore trading these currencies are expensive. Examples of exotic currencies are South African rand (ZAR), Mexican peso (MXN), Hong Kong dollar (HKD), Chinese yuan (CYN), Turkish lira (TRY) and so on.

Related Questions

What are the useful techniques in program design?

Answers

A broad question, with many answers.

When designing a program you can use:

Setting up requirements, possibly in a use-case form ("as a ... I want to ... so that ...")Mapping the verbs and nouns in your requirements to classes and operations Drawing UML diagrams of the subject matterCreating flow charts and sequence diagrams Identify component boundaries with thin interfaces to keep complexity organized and local

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