Multiple Choice
Foreign exchange ________ earn a profit by a bid-ask spread on currencies they purchase and sell. Foreign exchange ________, on the other hand, earn a profit by bringing together buyers and sellers of foreign currencies and earning a commission on each sale and purchase.
A) central banks; treasuries
B) dealers; brokers
C) brokers; dealers
D) speculators; arbitrageurs
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Currency trading is a service center rather
Q2: As you might expect, the foreign exchange
Q3: A contract to deliver dollars for euros
Q5: The low level of interest rates around
Q6: If the direct quote for a U.S.
Q7: _ make money on currency exchanges by
Q8: Since in the U.S. the home currency
Q9: The greatest amount of foreign exchange trading
Q10: While trading in foreign exchange takes place
Q11: The most commonly quoted currency exchange is