Foreign Exchange ________ Earn a Profit by a Bid-Ask Spread

question 4

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

---

Definitions:

Country Club

A management style focused on creating a comfortable and friendly work environment, often prioritizing the welfare and happiness of employees over strict productivity or performance measures.

Leadership Grid

A model used to define leadership styles based on a leader's concern for people and their concern for production, aiming to identify the most effective leadership approach.

Interpersonal Relationships

Emotional connections between two or more people, ranging from brief encounters to long-term associations, characterized by communication and social dynamics.

Task Accomplishment

Task Accomplishment is the successful completion or achievement of a specific task or objective, often measured against pre-defined standards or goals.