234k views
4 votes
In this type of currency market, dealers are counterparties to currency exchange transactions:

a) Spot market
b) Forward market
c) Interbank market
d) Retail market

User Le Garcon
by
8.5k points

1 Answer

2 votes

Final answer:

The interbank market is the type of currency market where dealers are counterparties to currency exchange transactions. Banks and a few other firms act as dealers and facilitate this trading in the interbank market.

Step-by-step explanation:

In the currency market, the interbank market is the type of market where dealers are the counterparties to currency exchange transactions. Most people and firms exchanging a substantial quantity of currency go to a bank, and these banks, along with a few other firms, act as dealers and facilitate the trading of foreign exchange in the interbank market.

User Nicolas Maloeuvre
by
8.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.