True or False Questions ` (1) The world-wide amount of foreign currency transactions is more than $5.5 trillion a day or $2,000 trillion per year: T or F
(2) The world-wide amount of merchandise and service trade is about $100 trillion per year: T or F?(3) An organized exchange is a dealer market, whereas an OTC (over-the-counter) market is an auction market: T or F?(4) The New York Stock Exchange (NYSE) is an organized market, whereas the NASDAQ is an OTC market: T or F?(5) An organized exchange has a physical location, whereas an OTC market has no centralized meeting place.(6) The foreign exchange market is a dealer market, and dealers make markets for foreign currencies by quoting the bid price at which they buy foreign currencies and the asked price at which they sell them.