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 do indeed play a major role in the international money market by accepting short-term deposits in large amounts and various currencies, and then lending or channelling the money to corporations and government agencies that require the funds. This facilitates international trade and investment, and helps to meet the short-term financing needs of borrowers.

Large Commercial Banks Play a Major Role in the International