About foreign exchange markets are correct

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Reference no: EM131604053

Which of the following statements about foreign exchange markets are correct? (a) Internal credit markets are markets for deposits and loans by local residents and hence are governed by the rules and institutional conventions of the local government. (b) External credit markets trade interest rate contracts denominated in a currency but traded outside the borders of the country issuing that currency. (c) Money markets are markets for financial assets and liabilities of short maturity, considered to be less than one year. (d) Capital markets are markets for financial assets and liabilities with maturities greater than one year. (e) International commercial banks are the major market makers in the currency markets.

Reference no: EM131604053

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