Question

Which entity is considered the apex body or the banker's bank in the foreign exchange market?

a.

Commercial Bank

b.

Investment Banker

c.

Central Bank

d.

Non-Banking Financial Institution

Answer: (c).Central Bank Explanation:The central bank is considered the apex body or the banker's bank in the foreign exchange market.

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Q. Which entity is considered the apex body or the banker's bank in the foreign exchange market?

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