Which of the following handles the majority of all foreign-exchange activities?
A)multinational enterprises
B)commodities exchanges
C)commercial banks
D)regional banks

Question

Quizplus · Accepted Answer

Commercial banks handle the majority of all foreign-exchange activities, as they provide foreign-currency transactions for individuals, corporations, and governments. While multinational enterprises also engage in foreign-exchange activities, they typically do so through commercial banks. Commodities exchanges and regional banks may participate in foreign-exchange activities, but they do not handle the majority of such activities.

Which of the Following Handles the Majority of All Foreign-Exchange