Currency trading is a service center rather than a profit center for commercial and investment banks.
Correct Answer:
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Q23: A forward contract to deliver British pounds
Q24: A spot transaction in the interbank market
Q25: Most transactions in the interbank foreign exchange
Q26: The four currencies that constitute about 80%
Q27: Which of the following is NOT true
Q29: The greatest amount of foreign exchange trading
Q30: What are some of the reasons central
Q31: For individuals and firms involved in the
Q32: The _ is a derivative forward contract
Q33: The United Kingdom and United States together
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