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Question
When purchasing and selling foreign currencies to allow customers to take positions in foreign real and financial investments, the FI
A. acts defensively as a hedger.
B. acts aggressively as a speculator.
C. assumes the FX risk itself.
D. acts as an agent.
E. acts as a market maker.
Answer
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Related questions
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The McCarran-Ferguson Act of 1945
A. separated commercial banking from insurance activities.
B. mandated federal insurance company charters.
C. stipulated that insurance companies are to be regulated at the state level.
D. initiated a national insurance guaranty fund.
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A. has publicly-traded common stock.
B. provides equity funds to companies that already have publicly traded common stock.
C. is a subsidiary of a nonfinancial corporation.
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Which of the following would be a key area of activity for an investment bank specializing in the commercial side of the business?
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