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Which of the following statements are true? Select ALL that apply. Review Later 1.Banks active in the foreign exchange markets do not have an obligation

Which of the following statements are true? Select ALL that apply. Review Later

1.Banks active in the foreign exchange markets do not have an obligation to make an FX quote

2.Telephones can legally be used to execute a foreign exchange transaction

3.In-person transaction FX exchanges have the lowest transaction costs

4.CME FX contracts are flexible in covering FX exposure as an FX trade

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