Which of the following is NOT a reason that foreign exchange markets exist?
A) to provide for efficient capital exchange between governments.
B) to exchange purchasing power between trading partners with different local currencies.
C) to provide a means for passing the risk associated with changes in foreign exchange rates to professional risk-takers.
D) to accommodate credit extension and delayed payments for goods and services between countries.
Correct Answer:
Verified
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A)
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A) trade flows.
B)
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