____ serve as financial intermediaries in the foreign exchange market by buying or selling currencies to accommodate customers.
A)Pension funds
B)International mutual funds
C)Insurance companies
D)Commercial banks
E)None of these are correct.

Question

Quizplus · Accepted Answer

Commercial banks serve as financial intermediaries in the foreign exchange market by buying or selling currencies to accommodate the needs of their customers, facilitating international trade and investment.

____ Serve as Financial Intermediaries in the Foreign Exchange Market