True or False

1. The FEM although worldwide, operates 9 to 5 EST since New York is where the United Nations is head quartered providing a secure rate of exchange.
2. Currency trading is only a customer service center and not a profit center for commercial and investment banks as they are not skilled traders.
3. Dividend yield is the change in share price of stock as traded in the public equity markets
4. The exchange rate is the price at which the currency of one country exchanges for the products of another country