____ serve as financial intermediaries in the foreign exchange market by buying or selling currencies to accommodate customers.
A) Pension funds
B) International mutual funds
C) Insurance companies
D) Commercial banks
E) None of the above

Question

Quizplus · Accepted Answer

Commercial banks serve as financial intermediaries in the foreign exchange market by buying or selling currencies to accommodate customers. Pension funds, international mutual funds, and insurance companies are not typically involved in foreign exchange transactions.

____ Serve as Financial Intermediaries in the Foreign Exchange Market