A price taker in the foreign exchange market is:
A) a hedger who wants to avoid risk
B) a speculator who buys a currency at the current exchange rate, hoping that it would appreciate
C) a market participant who takes the current exchange rate to be the equilibrium exchange rate
D) a market participant who buys and sells currencies at the exchange rates quoted by large commercial banks
Correct Answer:
Verified
Q1: The term 'foreign exchange' means:
A) foreign reserves
Q2: Which of the following is not a
Q3: Which of the following is not a
Q5: A price maker in the foreign exchange
Q6: A foreign exchange broker earns income by:
A)
Q7: A foreign exchange dealer engages in:
A) taking
Q8: Importers participate in the foreign exchange market
Q9: Exporters participate in the foreign exchange market
Q10: Central banks buy and sell currencies on
Q11: The average daily turnover in the foreign
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