Question
Which of the following is not a major gold trading
center?Solution
Mumbai is not a major gold trading center. The major gold trading centers are New York, London, and Shanghai. London is the largest gold trading center in the world, followed by New York and Shanghai. The price of gold is largely determined by the London Bullion Market Association (LBMA), which sets the benchmark price for gold twice daily.
Statements: L > M = N > O, O > P ≥ T = R
Conclusion:
I. L > T
II. L ≥ R
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