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Scorpion4ik [409]
3 years ago
5

Foreign exchange​ ________ earn a profit by a bidminusask spread on currencies they purchase and sell. Foreign exchange​ _______

_, on the other​ hand, earn a profit by bringing together buyers and sellers of foreign currencies and earning a commission on each sale and purchase.
Business
1 answer:
Ronch [10]3 years ago
7 0

Answer:

Dealers ; Brokers

Explanation:

Foreign exchange dealers make money or profit by buying stock at lower price and selling the same at a higher price. They do this by adding a markup on the price of stock bought by them and sell the same to a buyer. The markup serves as profit to dealers.

Foreign exchange brokers act as intermediary between buyers and sellers as traders could execute trades through a brokers only. A broker earns profit in the form of commissions and fees earned on executing each transaction.

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