Dealers in the Foreign Exchange Departments of Large International Banks

question 52

True/False

Dealers in the foreign exchange departments of large international banks often function as "market makers." Such dealers stand willing at all times to buy and sell those currencies in which they specialize and thus maintain an "inventory" position in those currencies.

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Definitions:

Manufacturing Firm

A company that produces goods or products using raw materials and various processes such as assembly or fabrication.

Alignment Of Strategies

The process of ensuring all aspects of an organization's strategies are coordinated and supportive of the organization's goals and objectives.

Performance Management

A systematic process by which an organization involves its employees in improving organizational effectiveness in the accomplishment of the organization's mission and goals.

Functional Fit

A measure of how well a particular strategy, process, or system suits the operational needs of an organization.