The FI Is Acting as a FX Market Agent for Its

question 95

Multiple Choice

The FI is acting as a FX market agent for its customers when it

• A)buys or sells currency to balance the FI's net exposure.
• B)takes a nonzero net position in a particular currency.
• C)processes an exporter's transaction in a foreign currency.
• D)makes a market in its domestic currency.
• E)advises customers on their international business.

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Definitions:

Four-Year

A term typically related to a period of time, such as the duration of an undergraduate degree or the length of certain contracts.

Faking Records

The act of unlawfully altering or fabricating documents or records, often for deceptive purposes.

Concealing Assets

The act of hiding or failing to disclose assets to avoid legal responsibilities or to deceive creditors or other parties.

Willful Injury

Intentional harm caused by one person to another, not through negligence or accident but with the purpose of inflicting damage.