In the United States, during the second quarter of 2009, transactions in foreign exchange derivative contracts comprised approximately what proportion of all types of derivative transactions between financial institutions?

In the United States, during the second quarter of 2009, transactions in foreign exchange derivative contracts comprised approximately what proportion of all types of derivative transactions between financial institutions?
A . 2%
B . 7%
C . 25%
D . 43%

View Answer

Answer: B

Explanation:

During the second quarter of 2009, transactions in foreign exchange derivative contracts comprised approximately 7% of all types of derivative transactions between financial institutions in the United States. This data point reflects the proportion of foreign exchange derivatives within the broader context of derivative transactions during that period.