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The market for foreign exchange: a. Can be viewed as a two-tier market. b. One tier is the wholesale market, the other tier is the

The market for foreign exchange:

a.

Can be viewed as a two-tier market.

b.

One tier is the wholesale market, the other tier is the interbank market.

c.

International banks buy or sell foreign currency only in the wholesale market.

d.

None of the above.

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