Which of the following are participants in the foreign exchange market?
I.importers,who pay for goods in foreign currencies
II.exporters,who receive payment in foreign currencies
III.domestic share brokers,who service local clients
IV.portfolio managers,who purchase foreign securities

Question

Quizplus · Accepted Answer

Importers and exporters are directly involved in exchanging currencies for conducting international trade, while portfolio managers purchase foreign securities that involve foreign currencies. In contrast, domestic share brokers do not directly participate in the foreign exchange market. Therefore, options I, II, and IV are the correct choices.

Which of the Following Are Participants in the Foreign Exchange