Question

What are the two basic levels of the Foreign Exchange Market based on transactions and access?

a.

Level 1 and Level 2

b.

Inter-bank level and Retail level

c.

Whole sale level and Retail level

d.

Commercial level and Investment level

Answer: (b).Inter-bank level and Retail level Explanation:The first level of the market is occupied by the inter-bank market, while the other level consists of small banks, MNCs, hedge funds, and retailers.

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Q. What are the two basic levels of the Foreign Exchange Market based on transactions and access?

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