The table outlines the 2012 currency trading volumes for the most highly traded currencies. Currency
Question: The table outlines the 2012 currency trading volumes for the most highly traded currencies. Currency trading is defined as trading one currency for another in anticipation of making money.
| CURRENCY | DAILY SHARE (%) |
| US DOLLAR | 84.9% |
| EURO | 39.1% |
| JAPANESE YEN | 19.0% |
| BRITISH POUND | 12.9% |
| AUSTRALIAN DOLLAR | 7.6% |
| SWISS FRANC | 6.4% |
| CANADIAN DOLLAR | 5.3% |
| NEW ZEALAND DOLLAR | 1.6% |
| OTHER CURRENCIES | 23.2% |
| TOTAL | 200.0% |
Why does the DAILY SHARE (%) total 200.0% rather than 100.0%?
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Answer: The answer consists of 1 page
Solution Format: Word Document
Solution Format: Word Document
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