Large commercial banks play a major role in the international money market by accepting short-term deposits in large amounts (such as the equivalent of $1 million or more) and in various currencies, and channeling the money to corporations and government agencies that need to borrow those short-term funds in the desired currencies.

Question

Quizplus · Accepted Answer

Large commercial banks are indeed significant players in the international money market, providing a range of services that facilitate the movement of funds across borders, including accepting short-term deposits and making loans in various currencies. By utilizing their extensive networks and expertise, these banks help to connect borrowers and investors around the world and support global economic activity.

Large Commercial Banks Play a Major Role in the International