A foreign exchange broker earns income by:
A) charging fees for services rendered
B) speculating in the foreign exchange market
C) exploiting the bid-offer spread
D) engaging in riskless arbitrage operations
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
Q4: A price taker in the foreign exchange
Q5: A price maker in the foreign exchange
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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