It Is Characteristic of Foreign Exchange Dealers To

question 15

Multiple Choice

It is characteristic of foreign exchange dealers to:

• A) bring buyers and sellers of currencies together but never to buy and hold an inventory of currency for resale.
• B) act as market makers, willing to buy and sell the currencies in which they specialize.
• C) trade only with clients in the retail market and never operate in the wholesale market for foreign exchange.
• D) All of the above are characteristics of foreign exchange dealers.

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Definitions:

Safe Harbor Principles

Principles of electronically stored information (ESI) protection established by the Department of Commerce that, if followed by American companies, will qualify them for commerce with the EU.

Accord and Satisfaction

A legal agreement where disputing parties agree on a payment that is less than what is owed, and the payment is accepted as full settlement of the debt.

Discharged in Bankruptcy

The release of a debtor from personal liability for certain specified types of debts, declaring the debtor is no longer legally required to pay any debts that are discharged.

Tobacco Use

The act of smoking or using tobacco products, which can include cigarettes, cigars, snuff, and chewing tobacco.