Large commercial banks play a major role in the international money market by accepting short-term deposits in various currencies, and channeling the money to corporations and government agencies that need to borrow those short-term funds in the desired currencies.

Question

Quizplus · Accepted Answer

This statement is true. Large commercial banks are important players in the international money market and they often accept short-term deposits in different currencies to later lend or invest in projects that require those currencies.

Large Commercial Banks Play a Major Role in the International