Most Foreign Exchange Transactions Are for

question 39

Multiple Choice

Most foreign exchange transactions are for

• A)intervention by central banks.
• B)interbank trades between international banks or nonbank dealers.
• C)retail trade.
• D)purchase of hard currencies.

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Definitions:

Adapt Benefits

The strategy of customizing the presentation of a product's benefits to match the specific needs or interests of a potential customer.

Customer

An individual or organization that purchases goods or services from a business.

Gift of Gab

The ability to speak effortlessly and fluently, often used to describe someone who is articulate and persuasive in conversation.

Buying Signal

An indication, either verbal or non-verbal, that a prospect is leaning towards making a purchase.