The world's largest banks exchange currencies at spot and forward rates in the ________.

Question

Quizplus · Accepted Answer

The interbank market is where banks exchange currencies at spot and forward rates among themselves. The International Finance Corporation focuses on private sector development, the Eurocurrency market is a market where banks can borrow and lend money in currencies other than their domestic currency, and the World Bank focuses on providing financial and technical assistance to developing countries.

The World's Largest Banks Exchange Currencies at Spot and Forward