If Toranaga-San, Who Works for a Japanese Trading Company That

Multiple Choice

If Toranaga-san, who works for a Japanese trading company that operates in Japanese yen, wanted to purchase Spanish castanets from a company in Barcelona and needed euros to complete the transaction, he would use the ________ to gain access to spot euros.

A) stock market
B) foreign-exchange market
C) New York Stock Exchange
D) international export market