In United States, the JPMorgan Chase is considered as ______________?
Correct answer: A. largest foreign exchange trading
- A. largest foreign exchange trading
- B. smaller foreign exchange trading
- C. largest bond holder
- D. smaller bond holder
Explanation
JPMorgan Chase is one of the largest foreign-exchange dealers in the United States, with substantial global currency-trading operations. It is not being identified here by its bond holdings.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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