
It is characteristic of foreign exchange dealers to:
A) bring buyers and sellers of currencies together but never to buy and hold an inventory of currency for resale.
B) act as market makers, willing to buy and sell the currencies in which they specialize.
C) trade only with clients in the retail market and never operate in the wholesale market for foreign exchange.
D) All of the above are characteristics of foreign exchange dealers.
Correct Answer:
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Q2: Which of the following is NOT a
Q3: Dealers in foreign exchange departments at large
Q4: A/An _ is an agreement between a
Q5: Currency trading lacks profitability for large commercial
Q6: _ seek to profit from trading in
Q7: The authors identify two tiers of foreign
Q8: While trading in foreign exchange takes place
Q9: _ are agents who facilitate trading between
Q10: Banks, and a few nonbank foreign exchange
Q11: Foreign exchange markets are a relatively recent
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