Q. Which of the following statements are false:

I. Central banks may intervene into FX markets to add up its official foreign currency reserves; II. If the speculator believes that the currency is underpriced, short position will be taken in FX market; III. Arbitrageurs usually exploit market inefficiencies by implementing highly risky strategies; IV. Cross-border trade transactions take place only in USD and REM. Select one: a.All of the statements are false b.All of the statement are true c.Only I, II and IV are false d.Only I and IV are false e.Only I and III are false f.Only II, III and IV are false g.Only I, II and III are false h.Only III and IV are false