In the context of institutions that make foreign exchange happen, nonfinancial customers include:
A) governments and businesses.
B) large banks such as JP Morgan Chase.
C) small commercial banks.
D) hedge funds.

Question

Quizplus · Accepted Answer

Nonfinancial customers in the context of foreign exchange typically include governments and businesses that need to exchange currencies not for speculative purposes but for conducting trade, investments, or other operational needs. Large banks, small commercial banks, and hedge funds are considered financial customers as they engage in foreign exchange for financial gains, hedging, or speculative purposes.

In the Context of Institutions That Make Foreign Exchange Happen