Dealers in the foreign exchange departments of large international banks often function as "market makers." Such dealers stand willing at all times to buy and sell those currencies in which they specialize and thus maintain an "inventory" position in those currencies.

Question

Quizplus · Accepted Answer

Dealers in the foreign exchange departments of large international banks often function as market makers and maintain an inventory position in those currencies in which they specialize.

Dealers in the Foreign Exchange Departments of Large International Banks