Q694
A firm that purpose to connect sellers and buyers of foreign currency-denominated bank deposits is entitled
A.
a wholesaler
B.
a broker
AnswerC.
a bank
D.
an investor
Answer: Option B
Solution
Answer: Option B
Solution:
A firm that purpose to connect sellers and buyers of foreign currency-denominated bank deposits is entitled a broker. A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. A broker also refers to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.