When selecting a commercial and/or investment bank to deal in foreign exchange, corporations are most likely to use ________.

Question

Quizplus · Accepted Answer

Corporations are likely to use more than one bank to meet their different needs in foreign exchange. This provides them with greater flexibility and options in terms of pricing, speed of execution, and availability of different currency pairs. Additionally, using multiple banks can help spread out risk and reduce reliance on a single financial institution.

When Selecting a Commercial And/or Investment Bank to Deal in Foreign