Foreign exchange transactions that occur when a dealer wants to sell a nondollar currency and buy another rarely involve dollars.

Name: Foreign exchange transactions that occur when a dealer wants to sell a nondollar currency and buy another rarely involve dollars.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Although a foreign exchange transaction can involve any two currencies,most transactions involve dollars on one side.This is true even when a dealer wants to sell a nondollar currency and buy another.

Foreign Exchange Transactions That Occur When a Dealer Wants to Sell