The FI is acting as a FX market agent for its customers when it
A)buys or sells currency to balance the FI's net exposure.
B)takes a nonzero net position in a particular currency.
C)processes an exporter's transaction in a foreign currency.
D)makes a market in its domestic currency.

Question

Quizplus · Accepted Answer

When the FI processes an exporter's transaction in a foreign currency, it acts as an agent for its customers, facilitating their foreign exchange needs.

The FI Is Acting as a FX Market Agent for Its