A large U.S.company has £500,000 in excess cash from its foreign operations.The company would like to exchange these funds for U.S.dollars.In which of the following markets can this exchange be arranged?

Question

Quizplus · Accepted Answer

The foreign exchange market is where currencies are traded and foreign exchange transactions are conducted. Therefore, it is the most appropriate market for exchanging foreign currency (in this case, British Pound) for U.S. dollars. The other choices (ADR, national registry, national discount window, and Eurobond market) are not relevant to currency exchange transactions.

A Large US