The difference between a broker and a dealer is
A) dealers sell drugs; brokers sell houses.
B) brokers bring together buyers and sellers,but carry no inventory; dealers stand ready to buy and sell from their inventory.
C) brokers transact in stocks and bonds; currency is bought and sold through dealers.
D) none of the options
Correct Answer:
Verified
Q1: Spot foreign exchange trading
A)accounted for about 5
Q2: Most foreign exchange transactions are for
A)intervention by
Q3: The world's largest foreign exchange trading center
Q5: The current exchange rate is £1.00 =
Q6: The current exchange rate is £1.00 =
Q7: Suppose that the current exchange rate is
Q8: Indirect exchange rate quotations from the U.S.perspective
Q9: Intervention in the foreign exchange market is
Q10: The current exchange rate is €1.00 =
Q11: At the wholesale level,
A)most trading takes place
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