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Which of the following statements is CORRECT? A . Foreign exchange dealers earn a profit by bringing together buyers and sellers of foreign currencies and
Which of the following statements is CORRECT?
A
Foreign exchange dealers earn a profit by bringing together buyers and sellers of foreign currencies and earning a commission on each sale and purchase.
B
Speculators earn a profit by a bidask spread on currencies they purchase and sell.
C
Currency trading lacks profitability for large commercial and investment banks but is maintained as a service for corporate and institutional customers.
D
Arbitragers seek to profit from simultaneous exchange rate differences in different markets.
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