The major banks that trade foreign exchange generally do not deal directly with one another but instead use the services of foreign exchange brokers.

Name: The major banks that trade foreign exchange generally do not deal directly with one another but instead use the services of foreign exchange brokers.
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Question

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The statement is true. Major banks typically use the services of foreign exchange brokers to trade foreign exchange, rather than dealing directly with one another.

The Major Banks That Trade Foreign Exchange Generally Do Not