Question No: 06
Multiple Choice ( Select 1 out of 4 options, for the question below.)
Most
are channelled through the worldwide Interbank market, the wholesale market in which major banks trade with each other
Options
O future transections
O forward transactions
currency transactions
current transections
Clear Response
Answers
Answered by
0
Answer:
i guess 3rd opt. ......
Answered by
0
Answer:
Currency transactions
Explanation:
The Interbank market is a prime foreign exchange market.
It is also known as forex.
The banks exchange foreign currencies either directly or electronically or on some
However, any destination for the final exchange has not been decided.
It is not regulated by anybody and is even decentralized.
Here, the quantity and price is recorded.
It is also very fast and takes place within seconds.
It is a platform in which bankers exchange foreign currencies on a floating basis, meaning, no currency has a fixed value.
The value is decided by the demand of that currency and its supply.
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