Question: Which statement is not a difference in international capital flows between today and a century ago ? 1 - Role of foreign exchange transactions becomes

Which statement is not a difference in international capital flows between today and a century ago ?

1 - Role of foreign exchange transactions becomes more important now than before.

2- The cost of foreign financial transactions have fallen tremendously.

3- There are many more financial instruments available now than there were a century ago.

4- The movement of financial capital become more volatile than before.

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