Answered: foreign exchange broker earns income by…

foreign exchange broker earns income by charging fees for services rendered. speculating in the foreign exchange market. exploiting the bid–offer spread. engaging in riskless arbitrage operations.

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter15: Harvesting The Business Venture Investment

Section: Chapter Questions

Problem 13DQ

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Concept explainers

Currency Market

The currency market, also known as the foreign exchange market, consists of currencies worldwide. This market determines the rate of all currencies based on the buying and selling of forex. It is an over-the-counter market. It is the largest and most liquid market based on trade volume.

Question

foreign exchange broker earns income by

		charging fees for services rendered.
		speculating in the foreign exchange market.
		exploiting the bid–offer spread.
		engaging in riskless arbitrage operations.

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