What is the reason why the forward exchange markets were in chaos for a time in 1974?A.The
What is the reason why the forward exchange markets were in chaos for a time in 1974?
A.The collapse of a West German bank.
B.The dealers in the foreign exchange markets lacked confidence in their trading.
C.A West German bank did not fulfill its foreign currency obligations and its collapse led to the disorder in the forward market.
D.The exchange rate was worse at that time.