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A firm that purpose to connect sellers and buyers of foreign currency-denominated bank deposits is entitled
Answer & Solution
Correct Answer:
Option
B
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.
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