____ serve as financial intermediaries in the foreign exchange market by buying or selling currencies to accommodate customers.

Question

Quizplus · Accepted Answer

Commercial banks serve as financial intermediaries in the foreign exchange market by buying or selling currencies to accommodate customers. International mutual funds, insurance companies, and pension funds may also invest in foreign currencies, but they do not directly participate in the buying and selling of currencies as intermediaries.

____ Serve as Financial Intermediaries in the Foreign Exchange Market